equity release council

You can do this via a number of policies which let you access – or 'release' – the equity (cash) tied up in your home, if you're 55+. Click here to read it. Council Chairman, David Burrowes, has issued a statement to consumers to update them on our response to the Covid-19 pandemic, which is available by clicking here. • fully discussing alternatives to equity release including trading down, grants, use of savings or pension income, and financial assistance from family members (both now and if these alternatives may be relevant in the future). There are two models, face to face and telephone advice, both aimed at protecting the interests of the customer leading to the most appropriate and correct solution for each individual enquiry. The Equity Release Council has launched a Best Practice Guide to complement its Checklist for Advisers and support firms when… - Read More They are available to non-members. You should choose a product from a company that is a member of the Equity Release Council. The webcast features Council Chair David Burrowes, the Council’s Standards Board Chair Chris Pond and the MD of Equilaw Claire Barker. Only advisers holding membership of the Equity Release Council promise to follow our stringent Statement of Principles for your added peace of mind. The Equity Release Council’s market statistics are compiled from member activity, including all national providers in the equity release market. As a consumer-focused trade body, the Council is extremely sensitive to and closely monitoring the developing situation with Covid-19. Click here to download the Checklist itself. The Equity Release Council, the representative trade body for the equity release sector, publishes Q3 2020 equity release market statistics. The council represent the Equity Release sector, promoting high standards of conduct and practice on advice of Equity Release. My 80-year-old widowed Mother-In-Law purchased the property outright in 2002 and lives off the basic state pension. It also underlines the importance of establishing if a customer has experienced difficulties with their physical or mental health, bereavement, divorce, emotional or financial issues, literacy, numeracy, or any other traumatic event, that may leave them in a vulnerable position. All Rights Reserved. the information on this website is intended for guidance purposes only and does not constitute advice. The Equity Release Council has launched a Best Practice Guide to support firms when discussing and documenting customer needs. The Equity Release Council is a self-regulated non-profit organisation that safeguards the interests of homeowners and specialises in all things equity release-related. The Equity Release Council are the industry body for the UK’s sector of Equity Release. Equity Release can free up funds for home improvements, tidying up your debts, increasing your income or even helping your children or grandchildren to get onto the property ladder. The Council has published guidance after agreeing  to enable cases to complete without a physical face-to-face meeting with a solicitor. Equity release is fully regulated by the Financial Conduct Authority (FCA) - all of our plans meet the Equity Release Council standards, offering additional protection.. Family matters. CONTACT US. Meanwhile, the Council is consulting with members – including legal practitioners, advisers and providers – about changes to face-to-face advice requirements. To make sure you are dealing with a genuine member look for the logo and search our web site under member directory. The Council has published a Covid-19 update from OneFamily which is available here. The council has recruited Lorraine Cox as membership and business development manager. It was created to promote safe equity release products and to safeguard the interests of homeowners. EQUITY RELEASE COUNCIL - Free company information from Companies House including registered office address, filing history, accounts, annual return, officers, charges, business activity The ballot for directors’ positions on the Council’s main board is now open and details can be found by clicking here (members only). It is available to non-members. Even if the future value of your client's home is less than the amount they owe, their estate will never be left with a debt from our lifetime mortgage products when your client dies or goes into permanent residential care and their house is sold. Covid-19 information here as well as updates from L & G and Just David Burrowes has issued statement... Has published guidance after agreeing to enable cases to complete without a physical face-to-face meeting with a.! Council Chair David Burrowes, the Council is consulting with members – legal! 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