Understanding equity release
Equity release allows homeowners, typically aged 55 or over, to access money tied up in their property without having to move home.
The most common types of equity release are:
- Lifetime mortgages – where you borrow against the value of your home, with the loan usually repaid when the property is sold.
- Home reversion schemes – where you sell part or all of your home in exchange for a lump sum or regular payments.
Equity release can provide financial flexibility in later life, but it is a significant decision. It can affect your inheritance, entitlement to means-tested benefits and future plans.
You are required to obtain independent legal advice before proceeding. Our role is to ensure you understand the terms of the agreement and that your interests are protected.
How we can help
Independent legal advice
We provide the independent advice required by lenders before equity release can proceed.
Explaining the terms clearly
We go through the mortgage or reversion documents so you understand your obligations.
Liaising with lenders and advisers
We work with your financial adviser and equity release provider to progress the transaction smoothly.
Protecting your interests
We ensure the legal documentation accurately reflects the agreed terms.
Support for joint applicants
We advise couples on how equity release may affect joint ownership and future arrangements.
Ongoing reassurance
We take the time to answer your questions and ensure you feel comfortable before completing.
