If you’re approaching retirement or already enjoying your golden years, you’ve likely come across equity release myths in Brighton that cause hesitation. At Conran Mortgages, we understand the importance of making well-informed financial choices—especially when it involves unlocking the value tied up in your home.

Despite growing interest in equity release, myths and misconceptions persist. In this article, we debunk some of the most common misunderstandings. We’ll also highlight key protections such as FCA regulation and the SHIP scheme, which ensure consumer safety and transparency.

Whether you’re exploring options to enhance your retirement lifestyle or simply want to avoid equity mistakes in Brighton, we’re here to provide the clarity you need.

Call us on 020 8528 2251 or email hello@conranmortgages.co.uk for personalised advice.

“Think equity release is risky, confusing, or only a last resort? Let us show you the reality. We’re here to guide Brighton retirees with facts, not fear.”

Myth 1: I’ll Lose Ownership Of My Home

One of the most persistent Brighton equity myths is the idea that you no longer own your home if you release equity. This is false. With a lifetime mortgage—the most common form of equity release—you remain the legal owner of your home.

You can continue living there until you pass away or move into long-term care. At Conran Mortgages, we only recommend plans that are regulated by the Financial Conduct Authority (FCA), ensuring your ownership is protected.

We guide you through every step to make sure you understand how the product works and that it aligns with your goals.

Myth 2: Equity Release Comes With Hidden Fees

Many retirees worry about hidden fees, assuming that equity release comes with surprise costs down the line. In reality, today’s equity release plans are more transparent than ever.

Yes, there are some standard charges—legal fees, valuation fees, and potential arrangement costs—but none of these are hidden. At Conran Mortgages, we disclose all charges upfront and ensure you understand exactly what you’re committing to.

This clarity allows you to make confident decisions and avoid equity mistakes in Brighton that could impact your financial future.

Myth 3: My Family Will Lose Their Inheritance

It’s understandable to worry that releasing equity means leaving nothing behind for your children. However, many plans now offer inheritance protection—a feature that allows you to reserve a portion of your home’s value for your loved ones.

While equity release does reduce the value of your estate, it doesn’t mean your heirs receive nothing. By structuring your plan correctly, we can help you balance financial freedom today with legacy planning for tomorrow.

If this is one of your common concerns, we’re happy to explore the available protections with you.

Myth 4: Equity Release Is Only For People In Financial Difficulty

Another widespread misconception is that equity release is a last resort. The reality is quite different. Many of our clients in and around Brighton are financially stable and choose equity release to enhance their lifestyle.

Whether you want to renovate your home, help your children with a deposit, or boost your retirement income, equity release can be a flexible and smart solution.

If you’re not sure whether it suits your circumstances, read our blog on 5 Signs Equity Release Might Work For Brighton Homeowners. It provides a useful starting point for decision-making.

Myth 5: Equity Release Isn’t Safe Or Properly Regulated

Clients often ask whether equity release is secure. Fortunately, it’s one of the most strictly regulated financial products in the UK. The FCA regulation ensures all plans meet high standards for transparency and consumer protection.

In addition, the Safe Home Income Plans (SHIP) scheme, now part of the Equity Release Council, guarantees safeguards like:

• No negative equity—your estate will never owe more than the value of your home.
• Independent legal advice—mandatory before taking out a plan.
• Clear, upfront terms—so there are no surprises later on.

These safeguards ensure that you can confidently move forward with a safe equity release in Brighton.

Myth 6: I Won’t Be Able To Move Home Later

Many retirees fear that taking out equity release will trap them in their current home. That’s no longer the case. Most modern lifetime mortgages are portable, meaning you can transfer them to another suitable property.

Some providers even offer downsizing protection, allowing you to repay the loan early without penalty if you move to a smaller home. This flexibility helps you remain in control of your living arrangements.

We’ll make sure you understand the conditions and help you select a plan that supports your long-term goals.

Let Us Help You Make An Informed Choice

At Conran Mortgages, we’re dedicated to empowering you with accurate information and trusted guidance. Whether you’re debunking Brighton equity myths, addressing common concerns, or exploring ways to avoid equity mistakes in Brighton, we’re here to support you every step of the way.

Our process is transparent, personal, and built around your needs. Equity release might not be right for everyone, but with our advice, you’ll know whether it’s right for you.

FAQs

Is Equity Release Right For Everyone?

No. Equity release depends on your age, property value, financial needs, and long-term plans. That’s why we offer personalised advice to help you make the right decision.

Are There Risks With Equity Release?

As with any financial product, risks exist. But strict FCA regulation and membership with the SHIP scheme significantly reduce those risks. We’ll clearly outline any implications before you commit.

Can I Still Leave An Inheritance?

Yes. Many plans offer inheritance protection, allowing you to ringfence a portion of your property’s value. We’ll help you explore this if leaving a legacy is a priority.

Will My Equity Release Affect My Benefits?

It can, depending on your circumstances. Releasing equity might impact means-tested benefits. We’ll help you understand how a plan could affect your eligibility.

Conclusion: Let’s Debunk The Myths Together

Navigating the world of equity release doesn’t need to be daunting. By debunking these equity release myths in Brighton, we aim to give you the clarity and confidence you deserve.

At Conran Mortgages, we believe that education leads to empowerment. With our expert advice, clear communication, and commitment to your wellbeing, we’ll help you make a decision that enhances your retirement, not limits it.

Ready to get started or ask more questions? Call us today on 020 8528 2251 or email hello@conranmortgages.co.uk. Let’s discuss your future—and how a safe equity release in Brighton could support your next chapter.