You will be provided with a fair, simple, and complete presentation and explanation of your equity release plan. The benefits and limitations of the plan will be clearly set out, together with your obligations under the terms of the contract.
You will be given information about:
- All the costs that you will have to bear in setting up the plan
- The tax implications
- What will happen if you wish to move to another property, and
- How changes in house values may affect your plan