Common Myths About Equity Release, Debunked
Get the facts about equity release
Fact or Fiction
Discover the truth behind equity release myths
This is false! With lifetime mortgage, you will still retain 100% ownership of your home. You’re not selling your home, you are simply borrowing against it.
For those equity release products that are registered and approved by the Equity Release Council, there is protection against this. These plans have a ‘No Negative Equity Guarantee’ included as standard. This means you will never owe more than the value of your property.
When your plan comes to an end, the property will be sold to pay off the loan. In the unlikely event that your property has decreased in value, the remaining balance will be written off if your plan is approved by the Equity Release Council.
Many lenders understand that leaving an inheritance for your family is very important. With some plans, you are able to ring-fence a portion of your home’s value for this purpose.
Some people use equity release as a way to grant their family an early inheritance. This can be a good option if your family needs this money (for example, to buy their own property or pay off university fees). Plus, you can see them enjoy the money too!
If your plan is approved by the Equity Release Council, a guarantee to move home is provided. Some plans are also available with downsizing protection, if you think you may still want to downsize in the future.
Important information.
Your home may be repossessed if you do not keep up repayments on your mortgage.
There may be a fee for mortgage advice. The actual amount you pay will depend on your circumstances. The fee is up to 1% but a typical fee is £995
See How Much You Can Release
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Download Our Free Guide to Lifetime Mortgages
Download our free guide to understand more about lifetime mortgages and equity release.
Not Sure if a Lifetime Mortgage Might Be Right for You?
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Why Our Customers Recommend Fluent Money®
We’re one of the UK’s favourite finance brokers. Don’t believe us? See what our customers have to say:
The Team were fantastic and very thorough
From start to finish. The information given was accurate, The Team from fluent were fantastic and very thorough. They were always there for us. All queries sorted timely and efficiently. They are a company We would recommend to anyone looking for Equity Release. A Special Thanks to. Joe Bradshaw and Colin Fort. Who Made Our Journey Special. Thank You.
Excellent Service
Have used Fluent Money twice now due to the excellent service provided from the start of my enquiry to the completion. Both contacts kept me fully informed regularly at every stage of the process both by phone and email. I would recommend Fluent Money to anyone looking for Equity release. Thank you for getting me to a very satifactory conclusion!
Helped us through the entire process
Mallard Mortgages referred us to Fluent Money so that we could release equity on our house. We were assigned Colin Fort to process our application. He got the most competitive quote with Standard Life, and helped us through the entire process, explaining clearly what was going to happen on the way. He also referred us to our solicitor at Forever Legal who also did us proud.
Fabulous service
Fabulous service, would recommend to anyone taking equity on their property. Colin and Paul were absolutely fabulous. I thought this was going to be a long drawn out process but it was stress free. Wow
Excellent, Professional Company
Excellent service at every stage of my equity release, especially from Kelly Owens, advisor, and Colin Fort, co-ordinator. Never used Fluent Life before, would thoroughly recommend them, very professional.
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