If you are considering equity release as an option to fund your golden years then you may want to know more about Premier Equity Release Club.

It can get rather daunting when looking for the best equity release provider and the best plan for you.

At SovereignBoss, our research team has spent countless hours reviewing equity release information and putting it together in an easy-to-use format.

Therefore:

NOTE: SovereignBoss is an impartial and unconnected third-party information provider via this website, and the details provided in this commentary represent the opinions of SovereignBoss only and may not reflect the views or opinions of Equity Release Club. This article must not be interpreted as advice, nor is it a solicitation to conduct transactions in any financial product provided by Equity Release Club.

What Is Equity Release and Lifetime Mortgage?

An equity release mortgage is essentially a loan with interest that is repaid to the lender when the homeowner either passes away or moves into long-term care.

Unlike traditional mortgages, there are no monthly repayments. Instead, the loan, along with the accumulated interest, is typically settled through the sale of the property after these events.

This option allows homeowners to access the value tied up in their property during their lifetime while still retaining the right to live in their home.

Who Is Premier Equity Release Club?

The Premier Equity Release Club takes pride in it's independence.

It is a group of financial advisors and attorneys who utilise the platform provided by Premier Equity Release Club, to source products and services from the equity release market.

The website contains an abundance of information regarding equity release and third-party service providers, such as equity release-specialised attorneys.

Why Consider Premier Equity Release Club?

You could consider Premier Equity Release Club if you are an equity release specialist adviser looking for support and advice in this specialist market.

Please note that the information on its website is intended solely for intermediaries and not for the general public.

Members of the Premier Equity Release Club are specialists in their respective fields and are able to use the platform to obtain product information from the entire market.

This means that the advisers are independent and can find the most tailored equity release agreement for you from a variety of lenders who frequently provide them with preferred offers.

They also have access to attorneys who serve the club's advisers in order to assist you with the legal aspects of the equity release procedure.

By utilising a professional adviser and a lawyer specialising in equity release, you can expedite your equity release application considerably.

Does Premier Equity Release Club Have an Equity Release Calculator?

No, Premier Equity Release Club does not offer a public equity release calculator, but it does offer a calculator specifically for advisers.

If you are looking for an equity release calculator, you can always make use of the calculator below for an approximation, to assist you.

What Are The Pros and Cons of Premier Equity Release Club?

The pros of Premier Equity Release Club include that it is a specialised club for advisors but the con is that it's information is not available to the general public.

More pros:

• Equity Release Club members have access to club solicitors which could positively impact your application length.
• Advisors will be able to access plans from across the entire market.
• Advisors must be qualified to join the club.

More cons:

• Premier Equity Release Club is not available to the public.
• You need to use a Premier Equity Release Club member as an advisor.
• Equity Release will negatively impact the inheritance you plan to leave behind for your heirs.

How Did We Review Premier Equity Release Club?

We reviewed Premier Equity Release Club based on the following:

• Reputation and History – How many years they have been in business, customer reviews, and industry rewards received.
• Financial Strength – Ensuring it is going strong and has adequate funds to meet long-term commitments.
• Product Range – We favour companies offering a variety of equity release schemes with greater product flexibility.
• Interest Rates and Fees – We review competitive rates compared to industry averages and they must be fully transparent about rates and fees without hidden costs.
• Customer Service and Support – When and how it is available, response times, and available online educational resources. As well as online tools, like a calculator.
• Code of Conduct and Compliance – We only consider companies that adhere to recognised industry standards and codes.
• Industry Insights and Peer Reviews – We care about a company’s industry-wide reputation.
• Innovation and Technology – Is there a streamlined, digital application process?
• Client Testimonials – Success stories and the complaints resolution process.

This is an unaffiliated, third-party independent review of Premier Equity Release Club's information.

Premier Equity Release Club Interest Rates and Schemes Compared

The interest rates granted by Premier Equity Release Club are based on individual merit and are deal-dependent.

Annual interest on equity release can be available from 5.97% to 6.28%*.

The most current equity release rates are available for viewing here.

Have a look at all the equity release schemes available on the market.

*While we regularly review our rates, these may have changed since our last update.

What Are Premier Equity Release Club's Fees?

Premier Equity Release Club charges no fees to it's members.

The fees associated with an equity release negotiated by a member adviser will vary on the service they choose.

Typically, equity release fees range between £1,500 and £3,000.

Learn More About Premier Equity Release Club

Premier Equity Release Club provides its members with a platform for gaining access to products and locating solicitors.

The purpose of the club is to mentor it's member advisers in order to aid them in the equity release industry.

It provides free access to the following services as a platform for advisors:

• Help from a helpdesk staffed by professional equity release specialists.
• Registration package containing solicitors' and lenders' information.
• Entrance into the club.
• The lenders pay the fees straight to the advisers.

FCA Details

Regulators

• None.

Registration Numbers

• FCA Reg Number: No longer authorised
• Company Reg Number: 07166676

FCA and Companies House Links

• FCA Link: FCA Link
• Companies House Link: Companies House Link

Premier Equity Release Club Contact Number and Address

• +44 121 296 9987
• helpdesk@thepremierequityreleaseclub.co.uk
• 96, Burman Road, Shirley, Solihull B90 2BQ.

Common Questions

Conclusion

If you are a retiree seeking an equity release plan, you will need the assistance of an experienced financial advisor.

An adviser who is a member of Premier Equity Release Club will be able to provide you with products from leading providers.

They also have access to seasoned attorneys, which could expedite the equity release procedure.

Although the Premier Equity Release Club is not available to you directly, using a member advisor will certainly benefit your equity release journey.

The features mentioned and the amounts raised, are subject to the lender’s criteria, terms and conditions. These may take into account the age, health and lifestyle factors in order to provide an enhanced amount. To understand the features and risks, ask for a personalised illustration.