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Building and protecting your wealth

Beware Rogues Targeting Equity Release Market

Whether you’re searching for your dream home or looking for the perfect location for your buy-to-let business, partnering with an experienced mortgage broker can mean the difference between a successful search and a major headache.

This article does not constitute advice. Professional advice should be taken prior to acting on any part of it. Your home may be repossessed if you do not keep up repayments on your mortgage or any other debt secured on it.

Dental and medical professionals lead busy lives so it’s no surprise that many choose a mortgage broker to help them in their property search to make the normally tedious process as smooth as possible.

But how exactly does one find a mortgage broker that will go the extra mile to help them secure the right mortgage deal for their specific situation?

While it might seem like instead of searching for mortgages, you’re searching for a mortgage broker, your bank account will thank you in the end. It’s important to partner with a broker who specialises in the type of mortgage you’re seeking – first homes, buy-to-let, equity release, etc. Getting a good deal could potentially save you thousands of pounds over the life of your loan.

It all comes down to the options your chosen broker can provide.

  • Do they have a set number of lenders they work with?
  • Do they charge an upfront fee or take commission from the chosen supplier?

Answers may vary and their importance to you might differ from someone else. Take your time to research and come to your own decision.

Work with trusted providers

As equity release has become increasingly popular over the last few years, it’s not surprising that a slew of bad brokers has hit the scene trying to take advantage of borrowers. You may have heard horror stories about people you know losing money and time on bogus equity release brokers and products, but there are steps you can take to avoid becoming another victim.

Choose a regulated provider. Equity release products, like lifetime mortgages and home reversions, are actually fully regulated by the Financial Conduct Authority.

Choose a trusted broker. If you’re working with a trusted mortgage broker they’ll know which lenders to avoid and which providers are members of the Equity Release Council (ERC). Always look for verified reviews when looking for financial advice, for example on

“Darren has genuinely provided us with everything we have needed over the past 20 years in terms of financial advice and planning…. and continues to do so.”

Client review via

Choose a provider who is a member of the ERC. ERC members need to abide by a strict set of rules designed to protect consumers, including the requirement of seeking legal advice regarding equity release, so a provider with these credentials adds another layer of protection.

Give us a call

We’re proud to say that our very own Darren Scott-Guinness retains a special qualification in Equity Release and is happy to meet with you to discuss your goals and help you choose the mortgage that’s the best fit for you.

Want to work with a trusted advisor?
Investments | Financial Planning | Retirement | Save Tax | Protection |

Dental & Medical Financial Services have been helping doctors and dentists to build and protect their wealth, whilst saving tax for over 25 years.
Call Darren to discuss your options.

Tel: 01403 780 770


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