In conclusion, understanding the little known truths about equity release is crucial before making any decisions. It's important to consider the potential impact on inheritance, the risks involved, and the eligibility criteria. Additionally, exploring alternative options and fully comprehending the financial implications is necessary.. Truth number 2 - You won't owe more than your home is worth. With equity release, any money released plus accrued interest doesn't need to be repaid until you pass away or move into long-term.
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🏡 4 Little Known Truths About Equity Release Albion Forest
Little-known truths about equity release include its flexibility, such as the option to make voluntary repayments or choose a drawdown plan. Equity release can be a strategic financial planning tool, not just a last resort. Another truth is the rigorous regulation and consumer protection standards, especially for products approved by the Equity.. There are many unknowns regarding Equity Release and that is one of the reasons it is integral that you speak to a qualified Equity Release advisor early in the process to discuss your options. We hope you enjoyed our article on the 4 little known truths about equity release in 2022. At Albion Forest we do not advise on Equity Release, however.
