Busting Myths about Equity Release
Equity Release (ER) is a popular option for many homeowners over 55, which allows to unlock the cash value tied up in your home. But, there are some common myths about it.
Myth 1: “You’ll lose your home.” Not true! With lifetime mortgage, the most common type of ER, you maintain ownership as long as you live or until you move into long-term care.
Myth 2: “You’ll pass on debt.” False! A ‘no negative equity guarantee’ ensures you’ll never owe more than your home’s worth.
Myth 3: “It’s unregulated.” Wrong! The Equity Release Council and the Financial Conduct Authority (FCA) keep a watchful eye on this industry.
Myth 4: “There’s no going back.” Incorrect! Some plans allow for early repayment or downsizing protection.
Myth 5: “It’s a last resort!” ER is a versatile financial tool that can enhance your retirement, fund home improvements or help your children or grandchildren.
ER isn’t not for everyone, but it is a valuable financial tool. As a regulated Independent Financial Adviser I am here to help you, answer all your questions and advise if ER can be a solution to meet your needs.
Lina Bourdon
Independent Financial Adviser
City & Country Financial Services Ltd
Mob: 07730561816
Equity Release may involve a lifetime mortgage which is secured against your property or a home
reversion plan which requires the sale of property for a discounted price. To understand the features
and risks, ask for a personalised illustration. You only continue to own your own home with a lifetime
mortgage
City & Country Financial Services Ltd is an Appointed Representative of New Leaf Distribution Ltd.
who are authorised and regulated by the Financial Conduct Authority. FCA Number 460421.
