Sentences with phrase «equity release scheme»

They aim to provide you with information and protection if you are considering entering into an equity release scheme.

Check what fees you will be charged before agreeing to anything related to an equity release scheme.

If you only want to borrow a small amount and you can meet the repayments out of your usual income, an unsecured loan may be cheaper than an equity release scheme.

ERC members must make sure that you have received independent legal advice before you enter into an equity release scheme.

It is very important that you get independent financial advice from an independent financial adviser (IFA) about the advantages and disadvantages of an equity release scheme.

They provide guidance to their members about how entering into an equity release scheme should work.

Research from the Institute of Public Policy Research (IPPR) suggests that pensioners living in poverty could be helped off the breadline if they downsize their home or take out a form of equity release scheme.

Equity release schemes, which enable elderly people to take a loan in the value of their property should they choose to move, are steps in the right direction.

understand the main advantages and disadvantages of different types of equity release schemes;

Firms which advise on, and provide, equity release schemes and who are ERC members should all follow the FCA's rules about equity release.

Not exact matches

Schemes like this always have some «deadweight» costs, but today far fewer people down - size their home or take out cash than might be considered economically rational (at the last count only 15,000 equity release products were sold in a year).

Equity release products are becoming more popular having shaken off the negative reputation achieved by an older generation of similar schemes.

This means that firms which offer either type of scheme must follow the FCA's rules about equity release.