Equity Release mortgages have been in force since 1965, and been through much change & regulation. People over age 55 can be considered more vulnerable members of society. All Equity Release plans recommended by Frost Financial Services Equity Release advisers will therefore meet the standards laid down by the Equity Release Council & the Financial Conduct Authority. As required by the Regulator we must present our illustrations in a set format, which means that they are comparable with those of our competitors.
Equity Release – Ensuring Your Safety
Lifetime mortgage schemes were regulated by the Financial Conduct Authority (formerly FSA) in October 2004, with Home Reversion schemes following in April 2007. This ensures rules are followed & Equity Release schemes fully protected. Should a future complaint arise then you can seek redress from the Financial Ombudsman
The Financial Ombudsman Service (FOS)
Is an agency for the arbitrating of unresolved complaints between regulated firms and their clients. Full details of the FOS can be found at www.financial-ombudsman.org.uk