Find an equity release advisor

Asking friends, family, or co-workers for personal recommendations is a great place to begin, especially if they’ve spoken with someone about equity release.

Check Feefo or Trustpilot for reviews of the service provided by an advisor or company before speaking with them. Positive reviews can only go so far, but a lot of negative ones are a warning sign.

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Questions you should ask your equity release advisor

You need to make sure that the candidate is up to the task once you’ve identified them. Some are better than others, and there is always the occasional rotten apple.

1. What qualifications do you possess?

A financial advisor must have a minimum level 4 qualification recognised by the FCA to be able to provide you with equity release advice. They should also be able to show you this qualification. A good financial advisor will also possess other special qualifications. For Equity Release Solicitors Near Me, visit www.tivoli.legal/equity-release-solicitors-near-me

2. Is your advice limited to specific providers?

Financial advisors can be independent or “tied”, meaning that they are only able to advise on certain providers or their products. A tied advisor may not be a bad thing, especially if they have a variety of lenders. However, an independent advisor can offer more options.

3. Do you offer advice on equity releases of all kinds?

Asking this question before proceeding will help you determine if the person is qualified to offer advice on other types of lending for later life, such as retirement interest-only loans (RIO), and if it is limited to specific products.

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4. Are you a member of the Equity Release Council?

Your advisor should be a member of the Equity Release Council.

As a member, they have agreed to adhere to the rules and guidelines that are designed to protect customers. They have also committed to give you an honest and straightforward explanation of the equity release options available to you and the alternatives which should be considered first. You should be informed about the risks, limitations, and contractual obligations.