What is the standard process for taking out an equity release plan?
The general process followed: Once you have decided that you want to know more about equity release set up a meeting with your financial adviser. He/she will review your personal circumstances to see if an equity release plan is the most suitable option for you, taking into account other sources of funding that you may have as well as any state benefit entitlements. Based on this information, your adviser will provide you with some recommendations and a personal key facts illustration. This summarises all the important details and gives you a clear understanding of the costs involved. (You may want to involve your family at any or all of these meetings.) If you are happy with the product being recommended then you will need to complete an application form. Your financial adviser will help you complete this and then send the form together with any fees to the provider. You should contact your solicitor and inform them of your intentions to take out an equity release plan. It is wise to
