This is a highly regulated industry that allows homeowners aged 55 or over to access the value tied up in their property, providing a tax-free cash lump sum or regular payments. This financial option can supplement retirement income, fund home improvements, or assist family members. However, it’s essential to understand the legal implications and ensure that the chosen plan aligns with your long-term objectives.
Engaging a solicitor is a legal requirement in the equity release process. Joshua Gallop is a member of the Equity Release Council, and he will provide independent legal advice, ensuring you fully understand the risks, benefits, and obligations associated with the plan. Additionally, he will handle the conveyancing procedures to secure the lender’s legal charge over your property and address any existing secured borrowings.
Before proceeding with equity release, it’s crucial to seek both independent legal and financial advice to ensure the decision aligns with your financial goals and personal circumstances.
Our Team specialise in a number of different areas. These are members of our team who specialise in this area. To see how we can help you, please give a team member a call, or alternatively, you can email a member of the team and we’ll get back to you as soon as is possible.
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