Who Does Equity Release Mortgages? is the main question we address in today’s blog post.
We understand that for anyone over the age of 55 who owns their own home and is considering Equity Release, it is often confusing and complicated to cut through all the noise and obtain advice on the best options for you.
If you are wondering who does equity release mortgages then you are clearly at the stage where you are starting to consider if it is a good option for you.
Many people start in the same position as you are and do not know where to start looking. Google is the obvious choice to start, but which one of the many equity release companies out there is the right one? Who is good at their job? Who will not rip you off? Who will explain it in a clear way and not make you feel daft? Who will give you the information you want and the time to make your own decision without pressuring you to take out a policy?
These questions are all-natural to wonder and are the questions that everyone we meet asks, or has in their mind when they contact us.
There are three things to look for when starting your research on who does equity release mortgages. The first one is getting support on searching all products available to you.
This should be done by finding a Whole of Market Equity Release broker who can search all deals available to find the one best suited for your needs.
There are less than ten main Equity Release lenders, many of whom only sell their mortgages via brokers only so in order to get access to the largest number of deals, this is essential.
The best way to find a mortgage broker is from a personal recommendation or a review site such as Vouched For and Unbiased. The first two are national companies that have been set up to link those seeking advice on their financial affairs to companies who can advise in these areas. Vouched For and Unbiased is free for consumers to use.
At Ocean, we are extremely proud to have been named as one of the top Equity Release advisor firms in the country as featured in the ‘Vouched For’ guide which appeared in The Times on Saturday 10th April 2021.
Only sixteen Equity Release advisors made the list nationally, with one huge firm employing twelve of those advisors. Ocean Equity Release received the second most client reviews (69 reviews) of any advisor on this list nationally with an average 96% rating for Advice, Service Quality and Value for Money.
This is the third year running that Ocean has made it to this prestigious shortlist of top quality advisors, having also appeared in 2019 and 2020.
Ocean Equity Release is a small, family-run business based in Plymouth, Devon.
The third way to find good quality advice when you start your research is to look on the website of The Equity Release Council (ERC).
The ERC has been the industry body for the Equity Release industry for many years and its members have all agreed to abide by the Council rules and have also signed up to the Statement of Principles all of which protect consumers.
Please get in touch if you or any family members over the age of 55 would like any advice on releasing some of the money tied up in your home for virtually any reason. We can tell you who does equity release mortgages? and just as importantly, find out enough about you and your circumstances to match the best deal from the right lender for you.
If you are still wondering Who Does Equity Release Mortgages? and how to start your advice journey, CONTACT US today.
Check out our previous post which gives you the answer to one of the most common questions we get asked: How does Equity Release work? and don’t miss our next blog post for more Equity Release and Lifetime Mortgage information.