Equity Release and Home Reversion PlansEquity release and home reversion plans can allow retirement-age home-owners to raise capital from their homes. Although equity release and home reversion will be right for some people, we consider them to be options of last resort and our policy is to rule out all other possible solutions first before considering them. They carry significant downsides which must be fully discussed, considered and accepted before proceeding. |
 |
Reasons you may wish to release equity
To repay a mortgage which is still in place at retirement
 |
The advisory process  Advice on equity release and home reversion plans is something of a specialist area and we pride ourselves on the standards we set. We strongly recommend that the children or intended beneficiaries of the client's estate be involved for parts of the process if at all possible and should be present for at least one of our meetings. The first step is to discuss the basics of the client's situation. We will often be able to suggest alternatives to consider before equity release at this stage, or between us we may identify a specific reason why equity release or home reversion plans may not be suitable for them. Once we have ascertained that equity release might be suitable we may then offer to provide financial advice. Next we will make a detailed assessment of the client's situation by completing a full fact-find. This normally takes at least one meeting of 1-2 hours - it's quite common for it to take longer in some cases, but it is important to be thorough to ensure our understanding of our client's situation is as accurate as possible. |
Once our fact-find is complete we will begin our research to identify the most suitable product on the market to meet the client's needs given their own personal circumstances and preferences. We will then arrange a further meeting to present our conclusions and recommendations. The decision to go ahead is of course the client's, though it is our recommendation that they take time to think about it and ideally discuss it with their family before making a decision. |
Next Steps If you wish to take advice on a new or existing investment portfolio or simply wish to discuss the options, do feel free to contact us.
Or you can message us from this website by clicking here. |
 |
Content copyright 2012 Whitchurch IFA Ltd. All rights reserved.
Private Limited Company Registered in England and Wales number 7859123
All images are either bespoke, provided by GoDaddy image library or modified works
released under Creative Commons License without restriction. For specifics please contact us.
Proud supporters of the Noah's Ark Appeal - official charity of the Children's Hospital for Wales.
Click the logo to the right to help!
To learn about our data protection, confidentiality and IT security policies click here.
The content of this website is intended for private individuals and introducers in the United Kingdom only. It is intended to provide generic information only and constitutes neither financial advice nor an offer to provide financial advice. We strongly recommend that all parties seek professional financial advice before taking out, funding, amending, crystalising, taking income from or cancelling any financial policy, product, instrument, contract or commitment. If you would like to seek advice on any of the aspects mentioned on this website from us please click here to contact us.
If you wish to register a complaint, please write to us at 70 The Philog, Cardiff CF14 1EB or telephone 02920009479. A summary of our internal complaints handling procedures for the reasonable and prompt handling of complaints is available on request and if you cannot settle your complaint with us, you may be entitled to refer it to the Financial Ombudsman Service at www.financial-ombudsman.org.uk or by contacting them on 0800 023 4 567.
Whitchurch IFA Ltd is not responsible for the content of external websites linked from this site.
