It was created to promote safe equity release products and to safeguard the interests of homeowners. 1. You should choose a product from a company that is a member of the Equity Release Council. 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. ©2020 Equity Release Council. Phone Number. Latest News. Contact Us mail@htfinancialservices.co.uk. All of our members have agreed to abide by the Council rules and have signed up to the Statement of Principles. Find an adviser with an equity release qualification on the Society of Later Life Advisers website. The equity release council is not authorised to give or offer advice to customers. All firms advising on or selling equity release have to be regulated by the Financial Conduct Authority (FCA). Using members of the Equity Release Council is essential to ensure your equity plan gives you the guarantees you need. Only advisers holding membership of the Equity Release Council promise to follow our stringent Statement of Principles for your added peace of mind. And they need to have a relevant equity release qualification to give advice. Providers. This means that people who use equity release products offered by Equity Release Council members can have confidence in the products they use and the information they receive. Equity Release Council The UK’s financial services regulator, or 3. Lifetime mortgage providers. When considering an equity release plan we recommend customers talk to a specialist member of the Equity Release Council. Members of the Equity release Council has now been … Advisers. Equity release is a means of retaining use of a house or other object which has capital value, while also obtaining a lump sum or a steady stream of income, using the value of the house.. Lifetime mortgages are by far the most popular types of equity release schemes. We're Members of the Equity Release Council Protect your beneficiaries The figures are an indication of the amount available, subject to full assessment and underwriting. The French product allows you to release funds from your French property that you will then pay back with monthly payments. All of our members have agreed to abide by the Council rules and have signed up to the Statement of Principles. The Equity Release Council, formerly Safe Home Income Plans is a company limited by guarantee and registered in England No 2884568. Equity Release Council The Old Rectory Church Lane Thornby NN6 8SN Unlock Tax Free Cash from your Home Today. Face to face is where advice is delivered by a qualified adviser who will travel to a customer’s home or other location of choice and discuss their needs allowing any family members to be present and involved in the decision making process. Our Membership Hub represents the interests of 90% of the Equity Release sector. Providers. Regulated firms and their agents are placed on the FCA Registerand have to meet certain standards. Need help? The application process is relatively straightforward but should you have any question, please feel free to contact us. Church Lane Thornby I consent to my submitted data being processed and stored by Equity Release Council in compliance with our Privacy Statement. If you would like to discuss whether taking out an equity release plan is right for you, please contact one of our member firms. COVID-19 support. NN6 8SN. If a family member or friend moves in with you, they’ll have to sign an occupancy waiver releasing any rights to the property. Find a Member . The Equity Release Council has increased its membership by 97% in the last two years, with the total number of firms increasing from 219 to 431. Contact Us Call 0800 680 0356 Request a Callback . Membership at Equity Release Council. The ERC has set the standards that all members of the equity release industry should abide by in providing a professional & ethical advisory service. The Council has also seen a 38% increase in registered individuals over the same period, rising from 673 in December 2017 to over 900. Open Menu. Season’s greetings – Read more. *Equity Release Council Spring Report, March 2019. All Rights Reserved. Originally launched in 1991, the Equity Release Council (ERC) is an organisation that is supported by the leading providers of equity release within the UK. On top of this all members also abide by the overarching principles of the Council. You can take the money you release as a lump sum or, in several smaller amounts or as a combination of both. Equity Magazine Summer 2020: COVID-19 Response. Associates . If you would like to discuss whether taking out an equity release plan is right for you, please contact one of our member firms. Telephone advice is where the advice is provided primarily over the telephone by a qualified adviser and is supported by an appropriate call centre for the purpose, with call recording, data storage and appropriate monitoring procedures in place. The agent of a regulated firm, 2. Solicitors. If you are in doubt, seek specialist advice. Equity Magazine: Covid Response . This council was elected in July 2020. First Name. The Equity Release Council. Without the Equity Release Council, you could be putting yourself at risk with an unreliable plan. Last Name. I consent to my submitted data being processed and stored by Equity Release Council in compliance with our. Free calculator. Free Equity Release Calculator Property Value Title. To speak to a qualified adviser about equity release simple enter your details in our Equity Release form. ©2020 Equity Release Council. In the 12 months to Q3 2018, more than 78,000 new and existing customers have used their housing wealth to release equity while lending in Q3 2018 surpassed £1 billion for the first time in any single quarter. Equity's Directory of Members helps employers find the talent they need. When considering an equity release plan we recommend customers talk to a specialist member of the Equity Release Council. Council publishes Best Practice Guide for … Check that your chosen plan will meet your needs if you want to move or sell your home or if you want your family to inherit it. However, please note that this is not a complete list of all Equity members as members can choose whether to be included here. Equity has five officers — the President, the General Secretary, two Vice-Presidents and the Honorary Treasurer. The myths about equity release . A major focus of the Equity Release Council’s work is to ensure that products are safe and accessible for consumers. Post Code. All plans sold by Equity Release Council members include some very important safeguards to protect you and your property, these include a no negative equity guarantee, ie, you will never owe more than the value of your property and security of tenure, giving you the right to live in your property for the rest of your life or until you move into long term care. Advisers. Essex Equity Release are members of the Equity Release Council. Maintain 100% ownership of your home. The company is not authorised under the Financial Services and Markets Act 2000 and is therefore unable to offer advice. When considering an equity release plan we recommend customers talk to a specialist member of the Equity Release Council. Not all providers, advisors, solicitors or surveyors are members of the council. 132 likes. Membership. Equity's governing body is the Council, which consists of 32 Councillors plus the president. Later Life Equity Release Council membership grows 46% in 2018. This provides protection, security and access to the Financial Services Compensation Scheme if you ever need it. All members of the Council are elected from the membership by the membership every two years. 3. Equity release will reduce the value of your estate and may affect your entitlement to means-tested state benefits. NN6 8SN. Equity Release in France is not the same product as in the UK. Members of the equity release council. Email. Calculate My Free Quote Now! Solicitors. The equity release council is a trade organisation that represents the equity release industry. Equity Release Council, Thornby, Northamptonshire. You have two options to contact us. Affiliates. Members of the Equity Release Council; To speak to a qualified adviser about equity release simply enter your details in our Equity Release Form. To make sure you are dealing with a genuine member … A key role that is central to the process of considering, evaluating and entering a contract in equity release, which is why the Financial Conduct Authority requires customers to seek advice when releasing equity from their homes. The Old Rectory The Old Rectory Later Life Equity Release Council updates industry standards. The Equity Release Council’s ‘no negative equity’ guarantee means your beneficiaries will never owe more than the property is worth when it’s sold. To make sure you are dealing with a genuine member look for the logo and search our web site under member directory. You can view the contact details of our members in the member directory. The Equity Release Council is the industry body for the equity release sector. Find a Member. Equity release refers to a range of products letting you access the equity (cash) tied up in your home if you are over the age of 55. Please check with the individual firm. We do no credit checks as they are not required to obtain your free no obligation quotes. When considering an equity release plan we recommend customers talk to a specialist member of the Equity Release Council. Associates . Firms advising on or selling equity release have to be: 1. Affiliates. Not all providers, advisors, solicitors or surveyors are members of the council. Regulated by the Financial Conduct Authority (FCA). Branches directory; Deputies; Show More; Policy Work; Plan your own campaign; Networks; Arts Policy & Campaign Working Party; Equity logos for members; Fundraising for the Benevolent Fund; News; About; Contact; Login; Search. The Equity Release Council (ERC) is the new trade body for the equity release industry which has incorporated the codes of conduct formerly laid down by SHIP (Safe Home Income Plans). All of our members have agreed to abide by the Council rules and have signed up to the Statement of Principles. * If you are in poor health you may be entitled to better terms with an Enhanced Lifetime Mortgage. You can search their members directory … Many firms listed as offering face-to-face advice are offering telephone advice and video calls during the pandemic. All of our members have agreed to abide by the Council rules and have signed up to the Statement of Principles. Apply to be a Member. If you live in the Manchester area and need equity release advice please call us. The equity release council is a trade organisation that represents the equity release industry. Equity Release Council Advisers. Available support: a quick guide. December 9, 2020. Please refer to one of our specialist advisers. Welcome to the Equity Release Council and thank you for your interest in joining as a new member. They should get legal advice before doing this. Similarly, if you take out equity release on your own and later get married you might not be able to put the scheme jointly under both your names. Affiliates. They represent equity release providers, qualified financial advisors, lawyers, intermediaries and surveyors. Customers of Council member firms will receive a higher level of consumer protection than any other property-based loan. All Rights Reserved. They work to ensure that equity release products are safe and accessible for consumers. Guaranteed income for life. Find an adviser with an equity release qual… Providers. 2. Solicitors. Find a Member . 55 Plus Equity Release is a member of the Equity Release Council. Please note that we are not able to offer equity release for leaesback properties. December 23, 2020. If you opt to email us then please let us know your preferred contact method for reply – email or phone (and an indication of the best time of day to call if appropriate). It’s unsafe and unregulated – This is not the case. Date of Birth.. The "catch" is that the income-provider must be repaid at a later stage, usually when the homeowner dies. You can view the contact details of our members in the member directory. The Council puts this rise in membership down to property wealth becoming a common feature of later life financial planning conversations between consumers and advisers. They are offered by big brand names that are best known for their insurance products or pension plans and specialists that have grown to become leading lifetime mortgage lenders. All of our members have agreed to abide by the Council rules and have signed up to the Statement of Principles. Associates. No credit check. Members of the Equity Release Council have to abide by a Code of Conduct that guarantees that our ethics and standards. Members of the Equity Release Council sign up to the Equity Release Council’s Statement of Principles which puts in place a number of safeguards and guarantees for consumers. Equity Release Calculator . The Equity Release Council now represents all participants in the equity release market, providing a voice for the sector as well as setting standards and safeguards which protect and reassure consumers. Church Lane Thornby
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