The Equity Release Council Explained
What Is The Equity Release Council? The Equity Release Council is a group of experts who are trying to help people understand the equity release market. They do this by publishing information about different types of equity releases and what they mean for consumers. This is important because, in recent years, there has been an increase in financial companies that offer equity release schemes which has led to more confusion among consumers. The council offers a variety of services including information on how to find the right company, as well as reviews on companies and products offered by these organizations so you can make better decisions with your finances.
Equity Release Council also reviews companies and products themselves to make sure they are up-to-date with the latest rules.
The Equity Release Council provides a lot of information that benefits not just consumers, but also financial advisors looking for resources so they can have conversations about equity release with their clients more confidently.
This is important because many people find it hard to talk about money in general, let alone something as complex as releasing equity from your home or other assets without understanding what you might be getting into. By providing this resource, everyone will be able to work together on bettering British society by facilitating better decisions when it comes to finances.
When considering if an equity release scheme would benefit you or not, one of the first things you should do is consult The Equity Release Council.
The Equity Release Council (ERC) was founded in 2011 as a service organization dedicated to providing impartial research into the equity release industry for both lenders and borrowers alike. ERC provides members with professional standards in order to improve the service given to the public.
ERC is a not-for-profit organization, and that means they have no vested interest in how you decide to use your money. They want to provide consumers with impartial information about their options so they can make an informed decision on what’s best for them financially.
Since equity release has become more popular over the last few years, it’s only natural people would look into whether or not it’s feasible as a financial solution for themselves. With ERC by your side, there are very few worries of making bad decisions when exploring this option further.
The website also includes many other informative documents from respected institutions like The Financial Conduct Authority (FCA) and some high profile charities such as Age UK.