Discover what an Equity Release Independent Adviser does for you, his advice could Save You thousands of pounds. Also independent advisers provide unbiased advice about schemes researched from the whole market place. In the UK they are bound by financial services rules and regulations that compel them to give appropriate advice for your circumstances and to recommend the most competitive scheme. Their client files must document the advice given together with reasons for recommendations. These documents are regularly checked by the advisers own internal compliance officers and also can be randomly scrutinised by visiting FSA inspection visits.
Your qualified whole of market adviser must comply with rules that regulate the conduct of mortgage business and includes advising on equity release schemes such as a Lifetime Mortgage or Home Reversion scheme where applicable. The following information outlines certain procedures that your adviser should perform to ensure that you will benefit from completely impartial advice. These are essential duties that must be carried out and documented in accordance with compliance regulations. The file should be checked by the firms compliance officer and may also be subject to the regulators scrutiny on a random inspection visit.
