Advanced





Over 50s 'should seek a range of equity release advice'



Over 50s looking to generate funds by releasing equity from their homes have been advised to seek out advice from multiple different sources.

The Equity Release Solicitors' Alliance (Ersa) has welcomed a recent investigation by consumer watchdog Which? that revealed that many independent financial advisers (IFAs) are failing to provide customers with an appropriate level of service.

Ersa said the study would help to encourage a better standard of advice to be given to be given to consumers in the future.

However, the body also stressed that older homeowners should not be put of releasing equity as a result of the findings.

Claire Barker, chairman of Ersa, said that taking advice on such matters from a number of sources remained key to understanding the legal intricacies of the process.

She said: "Seeking independent specialist legal advice also forms a larger part of the equity release process and creates an added safety net which can support the advice given by the IFA."



To view businesses and services in our Equity Release section click here




Homebase
Homebase is the UKs second largest home improvement retailer and is recognised for choice, style ...
Silver Travel Advisor
Have your say and you could win a Greek Island villa holiday. If you like holidays and ...
Sky
For some of the most talked-about TV, get Sky TV. In all, we've 100+ digital entertainment ...
Make a Will Online
Make a Solicitor checked Will Online with Gloss Legal
Travel News
All-inclusive holidays 'offer value for money'
Finance News
Recession 'causing problems for over 50s abroad'
Dating News
Online dating 'can give over 50s another chance at love'

We Luv Sweets
New Zealand Holidays
Kirra Tours 100 Percent Kiwi New Zealand Holidays by New Zealanders. Although larger than the UK, New Zealand has a ...
ProstaMax
The only prostate supplement with 100% pure Beta-Sitosterol