Is Equity Release Supermarket the Best Place to Get Equity Release Advice?
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Here’s the scoop on why equity release Supermarket’s the best place to get advice.
You’ve probably wondered how to become financially free during your golden retirement years.
Equity release is a type of loan leveraged against the value of your property to release funds tied up in your family home.
Are you looking to get the best equity release advice but are afraid of being scammed by a bogus equity release provider?
Don’t worry. We’ve got you covered!
What You’ll Learn in This Article:
SovereignBoss is constantly reviewing Equity Release Supermarket to provide the most up-to-date information about their equity release products and services.
*Any views expressed in this article do not reflect the views of Mark Gregory. SovereignBoss is a 3rd party site, with no affiliation to Equity Release Supermarket.
Here’s what we’ve found
Who Is Equity Release Supermarket?
Equity Release Supermarket is a financial services provider founded in 2008 by Mark Gregory.
The founder of Equity Release Supermarket was an equity release adviser with a unique vision for helping thousands of retirees enjoy financial freedom.
Equity Release Supermarket is a specialised equity release provided that has grown to become one of the leading equity release advisory services in the United Kingdom.
Why Choose Equity Release Supermarkets?
You should choose Equity Release Supermarkets if you want to release equity from your property.
The minimum requirements for equity release:
- UK homeowner
- If your property is valued at £70, 000.
- 50 years or older
Equity Release Supermarket is an award-winning equity release specialist that helps homeowners realise their goals and dreams.
What Can Equity Release Supermarket Advise Me On?
Equity Release Supermarket can advise you on everything relating to equity release, from getting started with the paperwork to the end – including how to use your money.
Types of Equity Release
A few equity release plans are available to those who meet the minimum criteria.
Popular plans include:
- Retirement Interest Only mortgages (ROI)
- Home Reversion Plans
- Lifetime Mortgages
Less popular plans:
- Lump-sum Lifetime Mortgages
- Drawdown Lifetime Mortgages
- Voluntary Repayment Lifetime Mortgages
- Interest Only Lifetime Mortgages
- Enhanced Lifetime Mortgages
- Second Home Lifetime Mortgages
- Buy-to-let Lifetime Mortgages
Benefits of Equity Release
The benefit of equity release is that so many features can be mixed together to create a unique equity release plan that will suit your family and meet your financial needs.
Other benefits include:
- You can remain in your family home without paying rent.
- Depending on your plan, you retain 100% ownership of your house.
- You never have to worry about paying off the debt.
- You can make repayments if you want.
- You can spend the money as you wish.
Risks of Equity Release
The risks of equity release could out way the benefits; depending on your situation, equity release might not be for everyone.
Here are some reasons to be cautious:
- You’ll be reducing your family’s inheritance once you pass.
- If you choose not to make monthly repayments, the interest grows quickly.
- It’s more difficult to move to another house.
- You’ll pay an Early Repayment Charge if you want to pay off your loan earlier.
Using Equity Release to Pay off Debts
You can use equity release to pay off your debts a free up more of your monthly income.
As you get older, your monthly income starts to decrease, and the current cost of living makes it difficult to make monthly repayments back to lenders.
Tips for Choosing the Right Equity Release Scheme
When considering an equity release scheme, you should always proceed cautiously as you don’t want to worsen your financial situation.
Here are some useful hints:
- You should avoid paying for advice.
- Consider alternatives to equity release.
- Try to borrow what you need.
- Consider your family and the inheritance you might not be able to leave them.
- Always seek financial advice before proceeding with equity release.
Who Is the Founder of Equity Release Supermarket?
The founder of Equity Release Supermarket is Mark Gregory.
What Is the Cost of Equity Release Supermarket’s Services?
The cost of Equity Release Supermarket’s services varies depending on your required service.
Speak to an Equity Release Supermarket advisor to determine what fees are involved in equity release plans.
There are many reasons equity release Supermarket’s the best place to get advice if you’re considering equity release to fund your retirement.
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.
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