Equity release ... any experts ??

Discussion in 'Off Topic' started by oakiecokie, 7 Nov 2014.

  1. oakiecokie

    oakiecokie

    Joined:
    29 Jan 2010
    Location:
    Its Guinness time any day of the week.
    Serious question.
    Do any of you have any knowledge or know of anyone who has taken out an equity release on their property ?
    Just wondered what the pro`s and con`s were and are there any reliable and honest brokers,who deal with this kind of financial package (for want of better wording).
     
  2. dan_bo

    dan_bo

    Joined:
    21 Sep 2012
    Are you talking remortgage?
     
  3. karen7

    karen7

    Joined:
    4 Feb 2010
    Martin Lewis gives the best advice i think,google him and start there
     
  4. dan_bo

    dan_bo

    Joined:
    21 Sep 2012

    The newsreader?
     
  5. karen7

    karen7

    Joined:
    4 Feb 2010
    No the financial guy,he talks really fast but knows every deal going
     
  6. oakiecokie

    oakiecokie

    Joined:
    29 Jan 2010
    Location:
    Its Guinness time any day of the week.
    No mate.We own our house,but I`m coming up to 64 and the missus is 61,so just seeing what (if any) are the benefits of releasing money back to us,against the value of our house,where the house is still 100% still owned by us and the repayment (+ interest) is only payable once me and the missus go to the blue skies above.
     
  7. oakiecokie

    oakiecokie

    Joined:
    29 Jan 2010
    Location:
    Its Guinness time any day of the week.
    Ah yes,I`d forgotten about him.A very fair and decent guy I seem to remember from his TV series ref finances.
     
  8. chabal

    chabal

    Joined:
    10 Apr 2011
    And best of all he's a blue.
     
  9. karen7

    karen7

    Joined:
    4 Feb 2010
    I didn't know that
     
  10. chabal

    chabal

    Joined:
    10 Apr 2011
    Well you do now.

    Was brought up in Delamere Forest near the People's Republic of Northwich.
     

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