Equity Release allows you to obtain a lump sum or steady income stream using the value of the capital in your home.
The sum must be repaid at a later stage usually when the last legal owner dies or goes into long term care.
You may wish to use equity release, for example, to:
- fund your lifestyle
- reduce the value of your estate for inheritance tax purposes
- fund home improvements
- help your children financially
The First Step: Take Independent Financial Advice
Once you have taken independent financial advice and decided on the equity release product, you will be required to take legal advice on the terms of the equity release and for a solicitor to deal with the legal documentation before obtaining the funds.
The Second Step: Take Independent Legal Advice from Waldrons Solicitors
We are able to advise you fully on the legal implications and deal with the formalities of the transaction.
