Equity Release F.A.Q.
What will happen if I need to raise further funds in future?
Some equity release schemes will allow you to mortgage or sell more of your property in the future if your circumstances require it. If this is something that you think is important please check to ensure that the scheme you are interested in offers an option of this type. If you are confused, seek financial advice, it may be too late if you enter into an agreement without thinking about the longer term consequences of the particular equity release scheme you have chosen.
Here are a list of the other frequently asked questions relating to equity release schemes.
- Will I be able to live in my home for the rest of my life?
- What costs are involved in setting up an Equity Release Scheme?
- How much money will I receive?
- Will I be able to move house in the future?
- What if I change my mind?
- Are Equity Release Schemes regulated?
- What happens if property prices change?
- Who pays for repairs to the house?
- What happens if somebody moves in with me after I take out an equity release scheme?
- What will happen to my home after I die?
- Does my home have to be sold within a set time period?
- What will happen if I need to raise further funds in future?