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Equity Release Becoming Clearer as Organisations Join Campaign
26/05/2010
Homeowners who are considering using their homes to increase their income could soon benefit from improved knowledge of the equity release sector.
This may well help ease the minds of people looking to increase their income through the use of a lifetime mortgage.
SHIP, the equity release trade body has announced that its campaign for clarity over the relationship between equity release schemes and state benefits has now been backed by the Association of Mortgage Intermediaries, the Association of Independent Financial Advisers and the Personal Finance Society
SHIP has launched an online questionnaire, which has been created to improve confidence among advisors.
The Director General of SHIP, Andrea Rozario, said: "Our campaign has been very successful so far and we are delighted that these associations are voicing their support. With so much change and a new Secretary of State for Work and Pensions, now is the ideal time to tackle issues such as benefit clarification. Our campaign is gaining momentum and we hope other bodies will join the campaign."
Homeowners who would like to know how much money they could release from their home and how this could impact on any state benefits can find out by using the equity release calculator provided by therightequityrelease.co.uk. A full state benefit check should be completed before proceeding with any application, at The Right Equity Release this is carried out for every client in order to be able to give the right advice for each individual client.
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