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What equity release providers do you use?

Bower are independent ‘whole of market’ equity release advisers, which means we deal with all equity release product lenders and have access to every regulated plan on the market. Some big name lenders regularly run special deals and money saving offers but they’re only available through an equity release firm like Bower. So you could …

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What safeguards does the Equity Release Council offer?

The Equity Release Council Standards Board makes sure that all lenders and advisers adhere to a strict code of conduct that includes a number of safeguards for customers. Members of the ERC can guarantee that their customer’s products and services conform to the best practices of the sector, ensuring they are fully informed and continually …

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What are the alternatives to equity release?

There are a number of alternatives, including downsizing to a smaller property or moving to a less expensive area, using savings, borrowing in the form of a loan or by asking a relative or friend. These are some of the alternatives to equity release: Savings, investments or other assets that could be drawn on Downsizing …

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What if I decide to move house or repay the loan?

If you want to move house you can transfer your equity release plan to your new home, providing the property meets the criteria of your equity release plan provider at that time. All Equity Release Council plans give you the right to move to a ‘suitable alternative property’. This means a property that your provider …

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What areas of the UK do you cover?

Bower has a team of independent equity release advisers covering all of England, Scotland, Wales and Northern Ireland. It is our mission to give every UK homeowner in (or approaching) retirement the face-to-face advice, support and expert help they need to make the right decision. So we always recommended you have a free, no-obligation appointment …

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Are there different types of equity release?

There are four different types of regulated equity release, each of which will be fully explained to you during your free, no-obligation consultation with your local Bower specialist. The four different types of regulated equity release plans are: Lump sum lifetime mortgages Lifetime mortgage with flexible ‘drawdown’ cash release Interest-only lifetime mortgages Home reversion plans …

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