Equity Release

[EEZABLADE32]

Hi,
why is it Equity Release companies don't accept flat roofed properties even though extremely well maintained. Are there any that do accept?

Thx

Tony

[buildersmate]

Q1: because flat roofs are regarded as 'non-conventional' - meaning they are less common and don't last as long as conventional roofs. A conventional roof is made of slate or tiles and lasts typically 60 years or more. Non-conventional is thus assessed as higher risk (of the equity provider not getting its loan back).

Q2: None that I could find by web-searching.

[EEZABLADE32]

Thx BM, they should start to realise that these days flat roofs are pretty sturdy.