The freedom of finance is undoubtedly the greatest assets for the old aged people but for the men and women of all ages. But after retirement, the stability gets disturbed and in order to rescue oneself from this devastating situation, Kent equity release plan turns out to be all that one needs to get a balanced finance along with a promise that you will be able to continue living in your residence till you die.
Why Equity Release Is A Promising Idea?
All forms of equity release assures one thing in common and that is, they all assure with a lump sum, a regular source of income and in some cases both.
While some people see it as a drawback removing them from their governmental facilities or inheritance, others however like this opt for other quick methods of releasing equity by shifting into smaller or cheap house.
Know Regarding the Safety of Equity Release Plan
Financial Conduct Authority is solely responsible for regulating and conducting the guidelines and marketing measures for both home reversion plans as well as life mortgage. This ensures strict rules and regulations against the violation of the customer’s right over equity release. Moreover, the service providers, hence, provide you with clean and clear procedures.
You must also take care of the fact that your financial adviser trusting the equity release plan is registered under FCA or not, in order to make sure that they don’t work biased for specific plan providers but give you a fair and rational idea regarding the market.
It is also the duty of the equity providers along with your professional advisor to give you a clear idea regarding complaints, enquiry and compensation procedures in a way that is easy to understand and assess.
It won’t be wrong to say that the adoption of equity release scheme has never been this safe before the intervention of Financial Conduct Authority. Thus, encouraging more and more people to opt for the same is a good move.