Why should you take advice Independent Financial Advice?
Equity Release has come a long way in improving value for customers but there are severe pitfalls that can easily be avoided with proper Independent Financial Advice.
Cornwall Finance & Investment Services Ltd. Equity Release Service, helps you by researching the whole of the Equity Release market, to find the Equity Release package which best suits your needs. We are not tied to any lender, bank, or financial institution.
We guide you through the Pros and Cons of the methods of Equity Release. Our Equity Release advice service, helps you all throughout the process of Equity Release from the application, to completion. We are proud members of the Equity Release Council who promote Safe Equity Release advice.
Our Safe Equity Release Advice Standards
Nearly all our Equity Release business is Lifetime mortgages. For lifetime mortgages our Standards are:
- Your interest rates must be fixed or, if they are variable, there must be a “cap” (upper limit) which is fixed for the life of the loan.
- You must have the right to remain in your property for life or until you need to move into long-term care, provided the property remains your main residence and you abide by the terms and conditions of your contract.
- You have the right to move to another property subject to the new property being acceptable to your product provider as continuing security for your equity release loan.
- The product must have a “no negative equity guarantee”. This means that when your property is sold, and agents’ and solicitors’ fees have been paid, even if the amount left is not enough to repay the outstanding loan to your provider, neither you nor your estate will be liable to pay any more.