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Myth 8: You’ll owe more than the value of your home.

As part of adhering to the ERC Statement of Principles, all members must now feature a ‘No Negative Equity Guarantee’, which means you’ll never owe more than your home is worth once sold, even if this is less than the amount owed. This applies upon death or permanently moving into long term care. The guarantee

By |2020-02-25T12:02:14+00:00January 30th, 2020||0 Comments

Myth 6: It’s unsafe and unregulated.

Lifetime mortgages are regulated by the FCA. Also the Equity Release Council (ERC) was established in 2012 to provide consumer protection specifically for this market. Members must adhere to its standards of conduct and practice. Chadwick are members of the Equity Release Council and hold the specialist qualifications to advise on Equity Release since 2006

By |2020-01-30T11:52:02+00:00January 30th, 2020||0 Comments
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