Because of this, why equity release is a bad idea lifetime mortgage isn't suitable for everybody, and it depends on your personal circumstances.

Equity Release may not be suitable for everyone, which is why your advisor will ask you to consider other options before proceeding.



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Equity release is a way of taking out cash from the value of your home, if you're aged 55 or over, without having to move.


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You can use SunLife's equity release calculator free of charge, and it will give you an estimate on how much you could release.


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Lengthy bring cost - If a mover needs to lug household products to and from the moving truck over a far away, after that you may be billed a lengthy lug fee.


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When considering whether your loan would cover the cost of repaying your mortgage, remember to keep early repayment fees in mind.


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