Happy to take it further? Then we’ll set up an appointment where we can go over everything in more depth and work out what will be the best way forward for you.
This is usually best done in a face-to-face meeting (either at our office or in your home, whichever is convenient), but we can do it just as easily over the phone or Skype if distance is a problem. This stage is usually broken down into two appointments – the first to really get to know you and understand your needs, and the second to show you which options will work best for you.
Getting to know you
Our aim in the first meeting is to see what you need to get out of the Equity Release scheme and go into the details about budget, time scale and any particular terms that might apply. We want to get to know you, to discuss your priorities and continue what we talked about in the first phone call about your income, outgoings, debts, health and lifestyle.
We’ll want to find out your needs for now and in the future, so we can budget for how much you need to spend and when in a planned way. This will also help us to see whether a lump sum or drawdown Equity Release plan will work best for you.
Armed with this information, we’ll go away to do our research and work out which schemes will be suitable for you. There are a lot of Equity Release products on the market, each with different terms, conditions, incentives and interest rates. We need to find the one that ticks all the boxes and releases the money from your property in the most efficient way possible.
Giving you the options
In our second meeting, we’ll recommend an Equity Release scheme, and explain our thinking in detail. Whether you go ahead or not will be up to you, but we will make you aware of the pros and cons of the contract. By the end of this meeting, we will have worked out a plan that you are happy with.
Would you like family members to be at these meetings? That is absolutely fine. It’s better for everyone’s peace of mind if they get to know us and see why we are presenting certain options. And if they do have any questions, we’ll have the opportunity to put their minds at rest.
Remember – we don’t charge for these meetings. If you decide not to go ahead with Equity Release, then you won’t owe us a penny.