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Equity Release is attracting more publicity and advertising than ever however local adviser Sarah Ferrell is concerned that the increase in advertising doesn’t necessarily mean that people are better informed.


“I find that many of the people I speak to are confused.” says Sarah. “There are so many options available these days that clients are bombarded with information – much of which may not be suitable for their circumstances or pertinent to them”


“Recently I have spoken with a number of clients who have made enquiries on-line about Equity Release and this has resulted in them being bombarded with paperwork and telephone calls…


no wonder people are afraid to enquire!”


With this type of transaction, more than any other financial transaction, Sarah maintains that face to face advice is absolutely necessary. “This is not a quick decision and clients need time and guidance when choosing the right route for them”


There are massive benefits to Equity Release when done in the right circumstances however there can be long term implications to Equity Release that clients need to be aware of and clients need to be clear about all the factors so we can choose the RIGHT option for them.


Some key questions I would encourage clients to consider before deciding if Equity Release is right for them would include:


How much do you REALLY need? There is no benefit in drawing more than is needed as interest is charged from the outset and may be unnecessarily costly longer term


How much do you need NOW? Many clients can benefit from releasing a smaller amount “up front” but creating a drawdown/reserve facility meaning they have access to money for the future but don’t pay interest until it is drawn


Do you plan to move house? Many schemes are portable but the implications of moving need to be discussed so we can establish


which scheme has the right amount of flexibility


Would you like to be able to pay intertest on the mortgage? It is still a surprise to many people that most of today’s schemes allow the flexibility to pay interest. For many clients, and their families this allows them the capital they need without the longer term costs they have potentially been worried about.


I am a great advocate of Equity Release as I have seen people’s lives change when financial pressures have been relieved. I have seen how it has helped pay for Home Improvements or modifications and how it has kept people in their homes when they felt the only option was to sell. I have also helped a number of parents release equity to help their children buy homes or to help family in other ways.


In Sarah’s opinion this is not the kind of transaction that should be


conducted by telephone or post. “If somebody is considering Equity Release they need advice, guidance and information that is relevant to their particular situation”.


“With over 25 years’ experience in the finance industry and over 5 years specialising in Equity Release I take pride in the time and care I take when speaking with clients. It is absolutely essential to


understand what a client needs and what their plans are for the future


before I can even begin to advise” Sarah is happy to visit your home and, unlike many banks, she is not just available 9-5 but will offer flexible times to suit her clients.


Call Sarah on


07789 007447 01622 631372


info@sarahferrell-equityrelease.co.uk www.sarahferrell-equityrelease.co.uk


Equity Release will reduce the value of your estate and can affect your eligibility for means tested benefits Think carefully before securing other debts against your home. Your home may be repossessed if you do not keep up repayments on your mortgage.


MORTGAGES EQUITY RELEASE RE-MORTGAGE BUY-TO-LET FIRST TIME BUYERS Mid Kent Living 43


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