in Dundee & Tayside
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Equity release can help homeowners aged 55+ access some of the value tied up in their property without having to move.
It can also be complex, and it isn’t right for everyone. That’s why we take a careful, joined-up approach: legal guidance from MML Law, and FCA-regulated advice via our introducer relationship with Ali Tod at Scott Fyffe Wealth Management Ltd.
Equity release is a type of later life lending that lets you access cash from your home.
The most common type is a lifetime mortgage, where interest rolls up over time and is usually repaid when the last homeowner dies or moves into long-term care. Some products allow voluntary repayments or interest servicing.
Equity release sits at the crossroads of finance, property and estate planning. That means the best outcomes usually come when the legal and financial pieces are considered together.
With MML :
• We help you understand what equity release means in real life in plain language
• We introduce you to Ali Tod at Scott Fyffe Wealth Management Ltd for FCA-regulated advice
• MML Law can support the legal work where required, including property checks and advice around ownership, title issues and documentation
• We also help you consider how it may affect your wider plans: wills, inheritance planning, and future care considerations
No pressure. No jargon. Just a clear path to making an informed decision.
A chat with MML Wealth, we’ll understand your goals and whether equity release is something worth exploring.
Introduction to regulated advice If appropriate we introduce you to Ali Tod at Scott Fyffe Wealth Management Ltd who will provide FCA-regulated advice and assess suitability.
Legal process and completion If you proceed, the legal and property elements are handled properly and professionally with a focus on clarity and protection.
f you’re considering equity release, it’s worth reviewing your will and wider estate plan at the same time. A change in borrowing against your home can change what’s left to beneficiaries, and it can influence how you plan for later life.
MML Law can support related work such as:
• Wills and estate planning
• Powers of Attorney
• Property title and ownership checks
• Family discussions where needed (handled sensitively)
This is what “joined-up” planning looks like less stress now, fewer surprises later.
Equity release products are regulated, but “safe” depends on whether the product is suitable for your circumstances. That’s why FCA-regulated advice is essential and why we encourage people to understand the long-term impact on inheritance, benefits and future choices before proceeding.
Equity release can be helpful, but it can also have long-term consequences. Depending on the product and your circumstances, it may:
• Reduce the value of your estate and inheritance
• Affect eligibility for certain means-tested benefits
• Create restrictions on moving home or letting the property
• Increase the total amount owed over time due to rolled-up interest
• Require family discussions where appropriate
A regulated adviser will explore alternatives too downsizing, retirement interest-only mortgages, remortgaging, or using savings/investments where suitable.
Equity release may be suitable for:
• Homeowners aged 55+ who want to stay in their home long-term
• People who need funds for retirement lifestyle, home adaptations or care planning
• Homeowners with limited income but substantial equity in their property
• Individuals looking for financial flexibility with full awareness of the implications
It may be less suitable where there’s a plan to move soon, where a smaller property would meet your needs, or where other funding routes are available.
In most lifetime mortgage equity release products, you remain the owner of your home. The loan is secured against the property and is typically repaid when the last homeowner dies or moves into long-term care. Your adviser will explain product terms clearly before any decision is made.
It can. Because equity release is a loan secured against your home, it usually reduces the value of your estate over time, particularly where interest rolls up. If inheritance is important to you, it should be part of the conversation from the beginning.
