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Are Equity Release Regulated?



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We Could Help find you a Equity Release Mortgage, At a Very Competitive Interest Rate

The Main priority for our Equity Release mortgage customers is to provide you with a first class service for all your Equity Release Mortgage needs, Since the area of Equity Release is a very specialised area which requires a lot of indepth understanding of the clients situation, we have partnered ourself with FSA approved equity release partners , who have the experience of specialism in this area Depending on your circumstance they could help you find a Equity Release Mortgage deal at a very competitive interest rate, they do all the leg work, so you can relax. Click Here to request a call back and one of our Partners mortgage advisers will contact you shortly.

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Mortgage Help Desk UK Mortgage Products

Are Equity Release Regulated?

Lifetime mortgages have been regulated by the FSA since October 2004. Home Reversion Schemes have been regulated since April 2007.This means that the Conduct of Business Rules now applies to these. This gives customers protection in the following way. Standards of Behaviour from Firms and Advisers, A structured Complains Procedure, The Services of The Financial Ombudsman, redress in the event of unsuitable advice, the principal of TCF (Treating Customers Fairly), and finally the availability of the Financial Services Compensation Scheme. Some of you may have heard of SHIP this was formed in the early 90s, and was the established as the champion of the consumer for equity release plans. It is not a regulator but more a trade body for to be a member you must follow certain principals e.g. ensure information is clear, simple and complete, use of independent solicitors , no negative equity guarantees etc. The fact the FSA have now regulated the equity release industry has consolidated a lot of the informal rules into formal rules.

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Equity Release Mortgages Frequently Asked Questions

What are Home Reversions?

Will the life time mortgage be in my name?

What are the alternatives to Life time mortgages?

Can I obtain Further Advances?

Are Equity Releases Regulated?

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"Think carefully before securing other debts against your home. Your home may be repossessed if you do not keep up repayments on your mortgage "


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