Equity release
Many people are choosing to unlock some of the money they have tied up in their property in order to fund a more comfortable and fulfilling retirement.
Equity release schemes are not suitable for everybody and it will reduce the amount of equity you have in your property and therefore any inheritance you plan to leave based upon that equity will also be reduced. It can also have an affect upon certain benefits that may be received because of the large cash lump sum that is released by the transaction.
It is vitally important that proper independent legal advice is obtained before any scheme such as a lifetime mortgage or a home reversion plan is entered into. Our job is to act in your best interests and to ensure that you are fully aware of all of the pros and cons of the particular scheme you look to enter into.
Please contact us so that we can discuss your individual needs and provide you with a quotation for us to act on your behalf.
For further information, please contact our Conveyancing team free on 0800 389 7093 or email conveyancing@poolealcock.co.uk
