Equity Release Scotland is committed to providing the right financial products to our clients, which is why we feel it is essential that all of our customers make an informed decision about whether or not equity release is the answer in their situation.
Things That Need To Be Taken Into Consideration When Choosing Any Equity Release Product
Local Company Local Knowledge – At Equity Release Scotland we are a locally based company, that cares passionately about our customers. We understand the local area and are not a multi-national brand with hundreds of offices across the country. We believe that this works to your advantage, providing you with the personal touch that only a local company can provide.
Independent – We are totally independent meaning that we only recommend the best products available, and are not tied to one specific company. There are many products that we have access to that are not available to customers dealing direct, and we may even be able to obtain exclusive deals that are better than advertised.
We Encourage Family Involvement – We understand that anything involving equity release can be a huge decision for you and your family. Being open and transparent, we welcome family members to attend every consultation and will be happy to explain the ramifications of each product choice.
Full Explanation Of The Facts – There is nothing worse than trying to decide without being aware of all the facts. That is why our team of experts will use their knowledge and expertise to ascertain which benefits if any could be affected. There are certain circumstances for instance where your tax status may be affected, and some entitlement to means tested benefits could change.
Early Repayment Charges – It is important to understand that the vast majority of equity release products are designed as a lifetime agreement. In this respect, they are designed to be settled upon death or when moving into a long-term healthcare situation. Our staff will always advise that early repayment for most of these products will more than likely come with an early repayment charge.
Compound Interest – Compound Interest can grow exponentially over a reasonably short period. Although many people understand this concept, in theory, our advisors will personally demonstrate the numbers to you, so that you can fully understand the implications of compound interest, and how it could affect your inheritance. As equity release products are secured against your personal residence, these are important factors in the decisions you choose to make.
Free Initial Consultation – Speaking to our team of advisors at Equity Release Scotland is free, so it costs nothing to gather all the facts and to understand the various options available to you. Once you decide to move forward with a product, there will be certain charges incurred, which will be explained to you during the consultation.