Why Equity Release Isn't the Trap You Think

1 - RETIREMENT CALCULATOR - https://financialeducation.co.uk/reti... - Use our interactive model to help you work out how much you need and how much you can spend in retirement. 2 - EQUITY RELEASE CALCULATOR - https://financialeducation.co.uk/how-... - More and more people are using equity release to fund their retirement. Use the free calculator to see how much you could borrow. 3 - RETIREMENT PLANNING CHECKLIST - https://financialeducation.co.uk/reti... - Download my free checklist and make sure you have not missed any of the big retirement decisions, deadlines or details. Equity Release Myths Most of the equity release horror stories people worry about are real, but they describe products that have largely disappeared from the market. A modern lifetime mortgage keeps you as the legal owner of your home, carries a no-negative-equity guarantee so you can never owe more than the property sells for, and gives you the right to stay for life. This video tackles what people actually search for: is equity release safe, can you lose your home with equity release, and how a lifetime mortgage really works today. The old fears about the bank owning your home or your children inheriting the debt come from a very different era of products and rules. CAN THE BANK TAKE YOUR HOME WITH EQUITY RELEASE? No. A lifetime mortgage makes up more than 99% of the market and is a loan secured against your home, so your name stays on the deeds and the lender only holds a charge, exactly like any other mortgage. WILL YOUR CHILDREN INHERIT THE DEBT? They cannot. Since 1991 every plan meeting Equity Release Council standards carries a no-negative-equity guarantee, so if the debt ever overtakes the value of the home the lender takes the loss, not your family. HOW MUCH DOES THE DEBT GROW OVER TIME? On a typical plan with nothing repaid, £80,000 borrowed roughly doubles in around eleven years and grows to well over £250,000 by year twenty, though rising house prices often mean you still keep around two-thirds of the home's value. RESOURCES Financial Conduct Authority: https://www.fca.org.uk Equity Release Council: https://www.equityreleasecouncil.com This video is for general information and guidance only. It is not financial advice and does not take account of your personal circumstances. Equity release is a major decision, always seek qualified, regulated professional advice before proceeding.