Equity Release Scheme

[diy]

My inlaws are considering equity release on their house. The house isn't in a high growth area or worth a fortune, but nevertheless the release scheme is poor value. I'd like to look in to offering them a better deal that does not cause a problem with the other siblings. Is this solicitor territory or accountant territory? I'm assuming I'm not the first person to want to do a family based equity release.

[atticus]

Solicitor!

[diy]

thank u

[dls]

These equity release schemes have, in the past, been very little more than a con. The difficulty now is that translating any asset into cash is very unlikely to produce anything of value, unless it is for spending.

Yes solicitors are required. They will need indepndent advice.

[atticus]

They being your in laws, not the solicitors!

[diy]

yeah I got that thanks