The Equity Release Revolution

Why Are Advisers Crucial to the Equity Release Revolution in 2022?
Contributors: Nicola Date, Katherine Read. Reviewed by Francis Hui
What Do the Experts Have to Say About the Equity Release Revolution? Find Out Why Professional Advice Is Vital & the Average Cost of a Financial Adviser. Read This So You Don’t Get Caught.

Before You Keep Reading….

Let’s See How Much You Can Release 👇

 

Equity Release Calculator

Value of Your Home?

50000

Drag me

100% Safe & Fast

Featured In
yahoofinance marketwatch

There are many different types of advisers that can help people within the equity release revolution.

Some of these include financial planners, lawyers, and accountants.

People may not know this, but advisers are key to the equity release revolution.

Like many financial products, it can be difficult for people to understand what equity release is and how it works.

That’s why you need an adviser by your side.

They will help explain everything so that you don’t have any questions left unanswered before you get started on your journey.

What You’ll Learn in This Article:

    Let’s find out now!

    Getting to the Bottom of the Problem

    The objections will be widely known to advisers who have worked in the equity release sector as well as those who opt to avoid it.

    It prevents people from relocating1, jeopardizes succession plans2, causes family issues, and customers may not completely comprehend the terms of their agreements.

    While there are certainly examples of poor outcomes in this market, as there are in all areas of financial services3,

    The vast majority of customers we surveyed were so pleased with their choice that they had already or planned to recommend the product to friends and family,

    A ringing endorsement for these often maligned products.

    Furthermore, 67% said it had enhanced their quality of life, 35% said it had improved their level of living, and 23% said it had allowed them to help relatives.

    Equity release has a non-financial impact, as it supports more general quality of life issues.

    With 50% of respondents indicating that alleviating financial anxieties enhanced their wellbeing, and 33% saying it allowed them to continue doing the activities they enjoy.

    The majority of people said they shared their plans with their families before proceeding, with 64% stating they did so.

    Only 6% avoided the topic because they expected opposition or worried family would feel bad,

    While 29% felt it was no one else’s business, a totally logical attitude given the drivers underlying some transactions and disparities in family circumstances.

    Moving home was also not an issue for most clients; 83% stated they had never considered it, while 4% claimed they had successfully relocated after taking out equity release.

    Before You Keep Reading….

    Let’s See How Much You Can Release 👇

     

    Equity Release Calculator

    Value of Your Home?

    50000

    Drag me

    100% Safe & Fast

    Featured In
    yahoofinance marketwatch

    Advice is Vital

    Customers can only get equity release with the help of a financial adviser4, and the report’s overall conclusion is that advisers are doing a fantastic job.

    However, there’s no reason to be complacent; in a continuously changing industry, they must all aspire to do even better.

    With one of the most important duties of an adviser being to ensure that a client completely knows their options,

    It’s encouraging to see that 92% of consumers surveyed believed their adviser had communicated the plan to them well or very well.

    To ensure that products and advice in the later life sector continue to evolve to suit the ever-changing wants and needs of clients, continuous improvement is essential.

    This ground-breaking study shows that a lot is being done well, and advisers are at the heart of many equity release customers’ excellent experiences.

    Common Questions

    What Does a Financial Adviser Do?

    What's the Average Cost of a Financial Adviser?

    In Conclusion

    The equity release revolution has been fueled by advisers, who are key to making this process as easy and enjoyable for their clients.

    Equity release is a way that many people have found to unlock the value of their home, but it can be intimidating or overwhelming without professional guidance.

    For those considering joining the equity release revolution and releasing equity from your property in order to fund retirement, you’ll want an adviser whom you trust with your financial future guiding you through all aspects of the process.

    Before You Go…

    Use the FREE Calculator Below 👇

     

    Equity Release Calculator

    Value of Your Home?

    50000

    Drag me

    100% Safe & Fast

    Featured In
    yahoofinance marketwatch

    Editor’s Note: The information contained in this website is for general information purposes only & while we endeavor to keep the information up to date and correct, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the website or the information, products, services, or related graphics contained on the website for any purpose. Any reliance you place on such information is therefore strictly at your own risk. This content has been independently collected by the SovereignBoss team and is offered on a non-advised basis. View our editorial guidelines.

    Spotted a Mistake? Let us know here.