CLIENT REQUIREMENTS IN EQUITY RELEASE PLANS OF UK
First of all the client is required to use an equity release calculator and find out how much money he can cash out from his properties. Besides that he should also consider his home needs and match it with the equity release UK to avoid later regret. The calculator can be used only as a predictor or guide only.
The client should then qualify himself or herself to the eligibility criteria. The client should be of age 55 to 95. The house in discussion should be the permanent and main residence for the client and he or she should have lived in that house for a minimum of 6 months to 1 year. The home in question should be owned by the client and the house should worth a minimum of 70000 pounds.