An award-winning specialist UK financial services company created by the merger of Just Retirement Group and Partnership Assurance Group. Equity release allows individuals aged 55 and over to release money from the property they live in without having to make any monthly repayments. Equity Release Advisers Brokers Equity Release LENDERS. The concept of the Equity Release Council is to manage and supervise the Equity Release Industry, setting up agreements, rules and regulations that are fair to both the lender and the homeowner. Retirement Advantage Equity Release. 12-14 Shaw’s Road Altrincham England WA14 1QU. The Equity Release Council is the industry body for all things relating to equity release, and is a self-regulated, non-profit organisation. The Council specifies Product Standards with which it requires its members’ products to comply. By admin in Later life lending 9th December 2020 0. Equity Release Loans. Remote valuations on its Lifestyle Options range are subject to a satisfactory on-site valuation within six months of completion, as well as temporary changes to Canada Life’s lending criteria. L&G specialises in retirement with L&G Home Finance Limited having a history of offering award winning equity release products. When considering an equity release plan we recommend customers talk to a specialist member of the Equity Release Council. 1) J-HAP Press Release. Unlike many advisers we are not ‘tied’ to a specific lender at any one time. How home equity release works 'Equity' is the value of your home, less any money you owe on it (on your mortgage). Interestingly, the available product options now exceed 300, a 42 per cent increase in the last year as reported by the Equity Release Council in their April 2020 report. A specialist lender with more than 50 years’ experience in later life lending. According to figures from Equity Release Council, the equity release product rate sat at 4.48 per cent in January 2020, while two in five products offer rates of 4 per cent or lower. They are offered by big brand names that are best known for their insurance products or pension plans and specialists that have grown to become leading lifetime mortgage lenders. Featured Articles. In addition, customers can choose whether to make optional repayments while benefiting from a range of other product features and safeguards. Speak to an independent mortgage broker or financial adviser with an equity release qualification to find the best deal. 12708681 Data Protection No: ZA768479. The guide, which complements its Checklist for Advisers, is designed to … 'Home equity release' lets you access some of your equity, while you continue to live in your home. Q My mother took out a lifetime mortgage for equity release in 2011. The "catch" is that the income-provider must be repaid at a later stage, usually when the homeowner dies. Like the traditional mortgage market, surveyors play a key role in the equity release market valuing properties on behalf of product providers/lenders. The Equity Release Council is the industry body for all things relating to equity release, and is a self-regulated, non-profit organisation. One of these, the No-Negative Equity Guarantee (NNEG), ensures you’ll never owe more than your home’s value. Equity release will affect potential inheritance and your entitlement to … She is now thinking of releasing some equity to help with her quality of life and health issues and we were advised to look into the possibility of Equity Release. Freephone Scottish Team 0808 1000 170 7 Days 8am - 8pm. Advice can be provided face-to-face, over the phone, via email, or alternatively via live chat support. 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