equity release

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  • cablefreejunkie
    DK Veteran
    • Jul 2008
    • 1717
    #1

    equity release

    i have been asked to sort out the above for a family member,having never even read about the pros and cons,ins and outs etc etc,im looking for some sound advice,hopefully 1 or more people on here might have some experience in this field
    like all things financial theres always things that crop up that maybe you never found out in the first place etc,so i want to research this thoroughly in the coming weeks,anyone got any tips please ? serious replies peeps please
    just to add the house that we are looking to release equity on has no mortgage on it,,its really a way round the extortionate inheritance tax fiasco
    The control of information is the consolidation of power

    ?I care not what puppet is placed on the throne of England to rule the Empire. The man who controls Britain?s money supply controls the British Empire and I control the British money supply.? ? Nathan Rothschild



    IF I HELPED HIT THE THANKS BUTTON
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    • Canker_Canison
      V.I.P. Member
      • May 2010
      • 3904
      #2
      Pro's & Con's....

      Pro - You get money to pay off the nasty tax man

      Con - Risking the property once mortgaged if the base rate increases dramatically.

      It will all be about how good a deal you can get on the mortgage.

      Just sent a friend a text as I don't have his business e-mail address. He's an independent financial & mortgage adviser. I've trusted him with my life in the past & will do again in the future. He won't sugar coat the info he gives you.

      As soon as he replies I'll PM you the address.
      Canker

      "Animal, vegetable or mineral... I'll do anything, to anything, with anything"
      - The Baby Eating Bishop of Bath & Wells      [COLOR=Green]

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        • alom5
          DK Veteran
          • Nov 2008
          • 1648
          #3
          it does get quiet complicated though.....so have read here ...

          How does Equity Release work? | Everything you need to know about Equity Release in the UK

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