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Equity Release

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EEZABLADE32 | 17:41 Tue 14th May 2013 | Business & Finance
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Hi,
why is it Equity Release companies don't accept flat roofed properties even though extremely well maintained. Are there any that do accept?

Thx

Tony
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Q1: because flat roofs are regarded as 'non-conventional' - meaning they are less common and don't last as long as conventional roofs. A conventional roof is made of slate or tiles and lasts typically 60 years or more. Non-conventional is thus assessed as higher risk (of the equity provider not getting its loan back).

Q2: None that I could find by web-searching.
21:14 Tue 14th May 2013
Avatar Image EEZABLADE32
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Thx BM, they should start to realise that these days flat roofs are pretty sturdy.
08:15 Wed 15th May 2013
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