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In today’s equity release market, the option for your clients to make ad-hoc or regular repayments is one which may help them save thousands over the lifetime of their borrowing.
Many customers are, of course, looking to use equity release to help remove the burden of increasing monthly mortgage costs, or the repayments required on unsecured debt, such as credit cards.
However, even repaying £100 a month towards an equity release plan can go a long way to improving a customer’s outcome in the medium to long-term, and a detailed discussion on the benefits of this approach with clients is essential.
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Many customers are, of course, looking to use equity release to help remove the burden of increasing monthly mortgage costs, or the repayments required on unsecured debt, such as credit cards.
However, even repaying £100 a month towards an equity release plan can go a long way to improving a customer’s outcome in the medium to long-term, and a detailed discussion on the benefits of this approach with clients is essential.
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