Equity Release*

The Equity Release market is growing at a fast rate and more and more lenders are offering Equity Release. However, they are not all offering the same thing and they vary between: -

• At what age can you start Equity Release
• How much can you borrow
• What is the rate of interest
• What are the set-up costs
• What are the redemption penalties

They will also not give you advise on whether or not you are doing the right thing. They start from the assumption that you have made your mind up and want to go ahead.

We tailor our advice to suit your needs.

To discuss Equity Release in more detail please contact us.

* Please discuss your needs with a Financial Adviser. There may be a fee for advice, the precise amount will depend on your circumstances but we estimate it will be £495.

Compass Financial Services Ltd do NOT charge fees for giving advice on Equity Release. Instead, we are paid commission by the provider on the sucessful completion of an equity release application. Compass Financial Services Ltd firmly believes that Equity Release schemes should never be sold. They must be bought instead. This means that we will not try and sell you the benefits of Equity Release. We will provide you with enough information for you to decide with your family as to the best course of action for you.

ONE TYPE OF EQUITY RELEASE SCHEME IS ALSO KNOWN AS A LIFETIME MORTGAGE. TO UNDERSTAND THE FEATURES AND RISKS, ASK FOR A PERSONALISED ILLUSTRATION. PLEASE REMEMBER THAT HOME REVERSION SCHEMES, THE OTHER TYPE OF EQUITY RELEASE SCHEME, ARE NOT REGULATED BY THE FINANCIAL SERVICES AUTHORITY.