Has anyone had any dealings with In Retirement Services Ltd?

Question

If so what did you think of them? are they any good?

My parents are thinking about equity release with them and I would like to know a bit about them but they are only on the web as their own website.

Any helpful information is appreciated.

Many Thanks in advance.

Answer 1

I did a little digging and there currently being sued for unfair contract terms through the office of fair trading. The complaint was logged on the 25th of july this year. That there tells you everything you need to know, steer clear.

Answer 2

Not personally but you may like to read this item on a consumer website

Answer 3

Equity release debt double in about 10 years. So if you borrowed £25,000 10 years later you owe £50,000, 10 years later its £100,000 and so on. It ok if your over 70 and you use a reputable company. Ive never heard of Retirement Services Ltd though. Most enquiries that I get I recommend that they don't do it.

Answer 4

Not yet. I might in fifty years time so I'll be interested in the answers.