Within these two definitions there are many different options available and it is important that your current and future needs are assessed so that you can be advised as to which is the right type of equity release plan for you.
As advisers Acclaimed Mortgage Consultancy can also help you to establish how taking out a Lifetime Mortgage or a Home Reversion Plan might affect your tax position, your eligibility for means-tested benefits or your ability to move or sell your property. You should talk to your Acclaimed Mortgage Consultancy adviser about these risks if you are at all unsure.
There are advantages and disadvantages in both types of plans and our advisers will explain these to you. If you would like your family to be involved we can also with your permission, answer any questions that they may have. Our objective is to ensure we choose the best plan to fit your needs.
To understand the features and risks of an equity release plan ask for a personalised illustration from your Acclaimed Mortgage Consultancy advisor.
One of the most important things to look out for when considering equity release advice is the Equity Release Council logo. Approved members of the Equity Release Council, such as Acclaimed Mortgage Consultancy, are able to display this logo and shows that they are committed to the Councils Code of Conduct, full details of which can be found at www.equityreleasecouncil.com