Summary: Lease finance affects business risk by shifting the burden of asset ownership to a third party, which can improve liquidity and protect against equipment obsolescence. However, it creates fixed long-term financial obligations and may result in a higher total cost than purchasing the asset outright.

Summary: The essential documents needed for equity release primarily fall into three categories: personal identification (proof of ID and address), property verification (title deeds, mortgage statements, building insurance), and legal certificates (proof of independent financial and legal advice). Gathering these documents early ensures a smoother application, but always rely on the guidance provided by your chosen financial adviser and solicitor.

Summary: Yes, your family can and should be heavily involved in the equity release process. Their participation, especially that of adult children or potential beneficiaries, helps ensure transparency, provides crucial emotional and practical support, and ensures everyone understands how a Lifetime Mortgage or Home Reversion Plan will affect the future inheritance of the property.