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Equity release - guidance |
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If a client is taking out a mortgage under an equity release scheme, then you
must consider whether your client should be referred to a specialist financial
adviser.
The key point, of course, is that equity release schemes are not
generally suitable for clients who intend to move house again during their lifetimes. Instead, they are designed to provide the borrower with a regular
income or lump sum, with the loan being repaid when the property is sold on
the borrower’s death.
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October 2006 |
