News

Sep 18

“Equity Release is safe when you take the right advice” says Geoff Charles

Equity Release Specialist Geoff Charles says that releasing equity from a property is a perfectly safe way for retired homeowners to enjoy a more comfortable retirement free from financial worry; providing good quality independent financial advice is sought.

A recent Which? undercover investigation may have exposed flaws in the advice being dished out by a number of equity release advisers but, says Geoff Charles, Managing Director of Bower Retirement Services “If you choose your adviser carefully, you won’t have anything to worry about.”

“Take the right advice and equity release is safe”

The Which? report revealed that some equity release advisers failed to mention important factors and disclose fees at the start, or at all.

In response to the report, Equity Release Specialist Geoff Charles offers this advice to anyone considering releasing cash from their home: “Think carefully about who you approach for equity release advice. Service levels and the depth of advice provided vary considerably so make sure you choose an adviser who is completely upfront about everything involved with equity release, right from the start.”

“Choosing an adviser who fully assesses specific financial needs and circumstances and is able to keep fees as low as possible by working to maintain maximum flexibility with a plan is vitally important”, says Geoff Charles.

Bower Retirement Services provides a free no obligation consultation and then if the homeowner wishes to proceed, an in-depth equity release advice service involving fully assessing specific financial needs and circumstances in great detail. A fully tailored, substantial Financial Planning and Recommendation Report, which incorporates a means-tested benefits entitlement review, is produced and clearly explained to clients before they make any decision. Lifelong support is also offered to all clients.

The resounding message from Geoff Charles is, “Equity release can prove an ideal – and safe – option for homeowners who wish to enjoy financial freedom in retirement. But taking advice from a trusted, established FSA regulated equity release specialist that offers the edge in service is crucial.”

Bower Retirement Services is an FSA regulated independent financial advice company that offers specialist advice on equity release throughout the south of England. For more information e-mail info@brsequity.co.uk or call 0800 4118668. Bower Retirement Services offers a free, no obligation initial consultation to homeowners considering Equity Release.