Equity release is regulated by the Financial Conduct Authority (FCA). It's an FCA requirement for anyone considering equity release to get specialist advice before taking out a plan. So why should you choose Patrick Wayne Wealth?

Here are a few reasons why choosing Patrick Wayne Wealth as your equity release advisor could be beneficial:

1. Personalized Service: As an equity release advisor, we will work closely with you on a one-to-one basis to understand your needs and goals, and provide personalized service throughout the process.

2. Expertise: With our experience and knowledge in equity release, we are able to provide expert advice and guidance on different equity release options and how it fits into your overall retirement plan.

3. Flexibility: We are able to offer flexible appointment times to suit our clients, whether it's evenings or weekends.

4. One-to-one guidance: You will receive one-to-one guidance throughout the process, rather than being passed on to a team or different advisor.

5. Attention to detail: As an equity release advisor, we will be able to give undivided attention to you and your specific needs.

6. Professionalism: With a professional approach, you can be confident in the quality of service you receive and the advice you are given.

By choosing Patrick Wayne Wealth as your equity release advisor, you can be confident that you will receive expert advice and personalized service throughout the process of equity release, tailored to your specific needs and goals and how it fits into you retirement plan, all on a one-to-one basis.

Highly experienced

We have more than 12 years' experience helping over 55s with tailored financial advice on a range of later life products. Our knowledge means that once we've taken the time to understand your needs, we’ll have a sound idea of what the right plan is for you.

Low fixed fee

When choosing Patrick Wayne Wealth as your equity release advisor, you can be confident that you will receive expert advice on equity release at a low fixed fee of £599.

Additionally, our compensation structure is based on commission, which means that we receive a commission based on the product chosen by you. This allows us to provide unbiased advice that is in the best interest, while also providing a transparent and cost-effective service.

By working with us, you can be assured that the advice you receive is not influenced by any financial incentives, and that you will be charged a low fixed fee of £599. This pricing strategy can be beneficial for you as you will have a clear understanding of the costs and fees associated with the service and can make a more informed decision.

Regulated experts

Patrick Wayne Wealth is regulated by the Financial Conduct Authority (FCA), which means that we adhere to strict guidelines and regulations to ensure that we provide fair, accurate, and suitable advice to our clients.

We are highly trained and qualified professionals who possess the knowledge and expertise to provide guidance and support on equity release and other financial matters.

Working with a regulated financial companies such as Patrick Wayne Wealth, you can be confident that you are working with professionals who are committed to providing expert advice and guidance in a transparent and ethical manner.

Additionally, the FCA also provides a level of protection to consumers, so you can be sure that the advice you receive is in your best interest and that your rights as a consumer are safeguarded.

Equity release Pros and Cons:

Equity release can be a useful option for some individuals who are looking to access the equity they have built up in their home to supplement their retirement income. Here are some pros and cons of equity release:

Pros:

• Allows homeowners to access the equity they have built up in their home without having to move out

• Can provide a source of additional income for retirees

• Can be used for a variety of purposes such as paying off debt, home improvements, or travel

• Some plans allow the borrower to make interest payments only, which can help preserve the value of the estate for inheritance

• Some plans offer a no negative equity guarantee, which means that the borrower will never owe more than the value of their home

Cons:

• Equity release plans usually involve borrowing against the value of the home, which reduces the value of the estate that can be passed on to heirs

• Interest rates can be higher than traditional mortgages

• It can be difficult to change plans or cancel a plan once it has been set up

• It may affect eligibility for means-tested benefits

• It may limit the ability to move home in the future

It's important to consider the pros and cons carefully before making a decision and seek professional financial advice to understand if equity release is the right option for you.