Equity Release Lawyers

Legal advice on the most common form of equity release, enabling you to take out a mortgage on your home while retaining ownership.

Diligent review of all legal documents to ensure your rights are protected.

Explaining your legal obligations and the lender’s responsibilities, making sure you fully understand the terms.

Expert advice on how equity release affects your estate, inheritance tax, and eligibility for means-tested benefits.

Equity release allows you to access the value tied up in your home, either as a lump sum or in smaller, regular amounts.

Equity release is a significant financial decision that depends on various factors like your age, property value, and financial needs. Consultation with your Mortgage Broker is essential so that they can help you choose the right produce for you.  The right Legal Advisor is crucial in ensuring that you understand the documents before you sign them.

Risks can include reduced inheritance for your heirs, changes to your tax position, and impacts on your eligibility for means-tested benefits depending on the kind of product your Mortgage Advisor should advise you about before you decide which one is appropriate for you.

With a lifetime mortgage, you retain ownership. With a home reversion plan, you may sell part or all of your property to the reversion provider. 

If the property is jointly owned, both parties must agree to the equity release.  If it is in the name of one party, the other will have to seek independent legal advice before the matter can be concluded.

Absolutely. Legal advice is essential to understand the implications, costs, and your rights and responsibilities under the agreement.  However, a Solicitor is normally engaged after your Lender has decided to offer you the equity release product.  Speaking to a Solicitor before the process enables you to understand what our role will be in helping you. 

Please speak to your Mortgage Advisor about this as they are regulated by the Financial Conduct Authority and they are knowledgeable about the products, their pros and cons.

Equity release reduces the value of your estate, which can affect the inheritance you leave behind. It may also have implications for inheritance tax as it can be used to reduce the tax that will be paid on your estate.

This question will be answered by your Mortgage Advisor as they are regulated by the Financial Conduct Authority.

The two main types are Lifetime Mortgages and Home Reversion Plans, each with its own features and requirements.  Please speak to your Mortgage Advisor about the pros and cons of each product before you decide which one is appropriate for you.