We caught up with Peter to discuss his equity release experience......
1. What made you think about using equity release to help with your finances?
“I was out of work, so had little income. Since COVID, it’s been difficult to get jobs, so this was the best option to source some income.”
2. What problems or goals did you have before using our service?
“Main problem was I didn’t have enough income to do the works to my house, which needed doing.”
3. How did you find out about us, and why did you choose our service?
“Heard a lot about RS and saw online how good you were. We were also recommended by friends who used you too.”
4. What was your experience like using our equity release service, from start to finish?
“Had no problems at all throughout. It was straightforward and easy—very happy from start to finish.”
5. Were there any parts of our service that you found especially helpful or valuable?
“The adviser was great. Everything was explained to me in simple terms, easy for us to understand.”
6. Did you face any problems during the equity release process? If so, how were they sorted out?
“I faced no problems. All went through with ease.”
7. How has equity release improved your life or finances now that it’s complete?
“Changed my life, as I was able to do works to my house which were pending for nearly 30 years.”
8. Can you share an example or story that shows how our equity release service helped you?
“Being out of work and not having enough income was not a position to be in. This option was the only way me and my wife could do the things we needed.”
9. What do you think makes our service better than others in the industry?
“Retirenet Solutions offered better rates than the other couple of brokers we spoke to.”
10. Would you recommend our equity release service to others? If yes, why?
“Yes, would recommend—very straightforward, easy explanations.”
Things to Consider Before Choosing Equity Release
Equity release can be a great way to access extra funds in retirement, but it’s important to understand the potential downsides. Taking out a lifetime mortgage will reduce the value of your estate, meaning there may be less to leave to your loved ones. Interest on the loan builds up over time, which can make borrowing more expensive in the long run unless you choose to make repayments. In some cases, other financial options—such as downsizing, using savings, or exploring alternative loans—might be more suitable. That’s why it’s essential to seek advice from a qualified equity release broker who is a member of the Equity Release Council (ERC). This ensures you receive regulated advice and benefit from important protections, such as a no negative equity guarantee. Before making any decisions, always compare your options and discuss them with a financial professional.
