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Equity Release ?

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anneasquith | 10:38 Mon 21st Oct 2013 | Law
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any aber recommend a reputable company ( Scottish ) TIA
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Avatar Image factor-fiction
SAGA provide a service (through an intermediary). I helped someone with this and found their terms to be good
10:40 Mon 21st Oct 2013
Avatar Image anneasquith
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thank you FF.
10:43 Mon 21st Oct 2013
Avatar Image Peter Pedant
Sums double every ten y at 7%
so equity release is a bad deal

raising a lump sum and then paying the interest - which is available in some schemes is a better deal as the capital sum does not enlarge

They are all pretty crap deals to be honest
14:53 Mon 21st Oct 2013
Avatar Image Ivorlittlein
Don't do it Anne,you will regret it the rest of your life,I am speaking from experience here!!
22:27 Mon 21st Oct 2013
Avatar Image anneasquith
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ivor, can you explain why you regret it ?
22:29 Mon 21st Oct 2013

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