What are the risks of equity release plans?
Equity release has helped thousands of homeowners achieve their later life financial goals. But as with any financial product, there are some drawbacks to weigh up against the financial benefits that equity release can bring.
To help you understand the risks of equity release, we’ll be covering the following in this guide:
- How does equity release work?
- Compound interest can grow quickly
- Equity release may impact your benefits
- Does equity release risk your children’s inheritance?
- What are the risks of equity release and early exit fees?
- Moving home with equity release
- Your circumstances may change
- Restrictions on other loans after equity release
- Provider going into liquidation
If after reading the following information you want to know more about the risks of equity release, please do get in touch.