Equity Release F.A.Q.
What if I change my mind?
Equity Release Schemes generally take several months to set up - a certain amount of paperwork and administration is required before any plan can go ahead. During this time you can still change your mind if you are unhappy for any reason. Make sure you have made a firm considered decision before signing any legally binding documents and if you are unclear then seek financial advice.
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?