With all the horrendous news about the recent flooding in the country, you should be concerned that if you want equity release at some time in the future, you may be in for a very unpleasant surprise. One of the largest lenders always checks on areas that could possible flood and then turn down properties out of hand. And with the latest problems, equity release could well suffer drastically in future.
You can check whether you are eligible for an equity release plan even though you may live miles away from water at the moment. Or it may be that there have been serious constructions and fortifications to prevent flooding again.
There was an occasion 3 years ago where someone with a house near Shepherds Bush London W12 was turned down as the map said that it was in a flood area. The nearest river is the Thames at Hammersmith. It would need the Thames Barrier to fail potentially.
Call the flood area check-line on 0044 (UK) 7993 2882 and we will investigate for you.