As improvements in medical science continue to improve life expectancy, the question which appears more frequently is how people continue to fund their lifestyle in retirement.
Much depends on the mindset of the individuals:
Have they catered for retirement and the income that they require? Will they want to leave their assets to their relatives or enjoy the fruits of their labour generated whilst working. Will they want to have the trip of a lifetime or the car they have always wanted? Having retired, what income do they now have, are they asset rich, income poor?
Many questions, and a lot of potential answers, one of which could be Equity Release. In simple terms it is what it says on the tin. However, the reality is that this is an extremely delicate subject, which requires a trained and qualified adviser to understand the exact nature of the circumstances of the client, advise on the appropriate option and advise them of the potential downsides as well as the benefits.
It is, after all, the home of the client(s) and potentially the inheritance of their relatives that is at risk, and that is an extremely sensitive area for all.
If we do not believe that Equity Release is appropriate, we will say so, and endeavour to provide an alternative if one can be identified. What else would you expect from a firm where the client comes first?