090 PLANNING FOR LATER LIFE
them before making any decisions. You may also want to think about asking them along to any meetings you have with your solicitor or the financial advisor.
What next?
Once you have decided that you want to know more about equity release, you will need to set up a meeting with a fully qualifi ed fi nancial adviser who is a member of the Equity Release Council. They will review your circumstances to check if equity release is right for you and fi nd a product to suit your requirements. • Involve your family and discuss your plans with them.
• Appoint a solicitor to carry out the necessary legal work to complete your contract with the equity release provider. It’s also worth checking that the solicitor you appoint is familiar with equity release products and the processes. • The plan provider will need to have a valuation of your home and will instruct
a RICS-qualified surveyor to assess the property’s value and survey it. • Legal checks (i.e. title deeds to the property) and contract signing.
• Visit
equityreleasecouncil.com Did you know?
• The cash raised through equity release is commonly spent on home improvements, clearing debts, gifts, care fees and holidays. • According to The Financial Ombudsman common complaints surround hefty early repayment charges, the fi nal repayment bill and the suitability of the product itself. Two thirds of complaints come from relatives.
indexmagazine.co.uk
At MW Solicitors, our Equity Release Team advises borrowers on all equity release loans and lifetime mortgages. We offer a professional, friendly and effi cient service, and can meet clients across our broad network of more than 25 offi ces. If you are considering taking out an equity release loan, it is important you take expert legal and fi nancial advice. We will work with you and your broker to ensure a stress- free completion. • Call us on 020 3551 8500 or email enquiries@
mwsolicitors.co.uk
Life at WILDERNESSE
HOUSE is just beginning With its own pool, yoga studio and luxury spa, complete with a restaurant, you’d be forgiven in thinking PegasusLife’s Wildernesse House is a luxury hotel. But these are all the ingredients for happy, healthy over-60s living for right-sizers and retirees alike. Set in Kent’s picturesque countryside in Sevenoaks, Wildernesse House is part of a 24-acre historic estate and has connections dating back to Henry VIII. The grand main hall has been restored to emphasise the building’s high ceilings, glass dome roof and dramatic central staircase, and to provide a luxurious shared space featuring a lounge and library. Long summer evenings can be spent outside and this sunny spot has unrivalled views of the main house and looks out across the surrounding grounds.
Why not come and see for
yourself? Wildernesse House Grand Opening takes place on 29th & 30th March. Prices for the Wildernesse House Mews start from £649,950 and the main house from £925,000. • To view the show apartment and mews houses, call 01732 510162.
FREE SUPPORT FOR OLDER WORKERS
The National Careers Service is appealing to over 50s and businesses to take advantage of its free advice and guidance service. This follows recently published fi gures from the Department for Work and Pensions, which estimate that individuals aged 50+ will make up almost one third of the working age population by 2020. As the UK workforce ages and fewer young people enter the labour market, employers will increasingly need to rely on the skills and experience of older workers if they are to remain competitive, increase productivity and growth, and avoid skills shortages in the future. To address this growing need, the
National Careers Service is offering a bespoke service to support employers to manage, upskill existing staff and recruit an older workforce. Professional careers advisers can also work with employers to ensure older workers have the same opportunities for learning and career progression. The National Careers Service also
offers tailored support to individuals who may be facing redundancy, or who are currently seeking work. The service can be accessed free of charge by any adult online, face-to-face or over the telephone. • If you are an employer looking to get involved, contact the National Careers Service via email
nationalcareers@cxk.org
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