There are two types of solicitor involved in the progression of an Equity Release loan. More details here. For homeowners over 55 that want to access the money tied up in their home. Equity release may not be your only solution. Advising on how to use equity release; If you’d like to discuss your equity release with our qualified solicitors, simply call the friendly Trethowans team today on 0800 2800 421 or complete and submit our online contact form and we will be in touch shortly. 07068648 This firm is authorised and regulated by the Solicitors Regulation Authority: No 520801 VAT Number : 823523380 Directors: Geoffrey G Ormrod, Michael W Penny & Sharif Ela This means that we can quickly identify any issues that may arise in processing your application. There are two types of solicitor involved in the progression of an Equity Release loan. Lifetime mortgage where regular interest repayments help control the final balance to be repaid. What is the equity release process? The many alternative options available to you are discussed here. If so, you’ve come to the right place. Ashfords are one of the largest specialist equity release solicitors in the UK and advise thousands of clients every single year. If you are interested in using a solicitor from our panel, you will find fixed fees starting from £695+VAT. If you are 55 or over, this can give access to … Allows your client to release the money in their home to provide them with a regular monthly income for a fixed term. Ashfords is one of the co-founders of the Equity Release Solicitors Alliance, an alliance of specialist equity release solicitors who adhere to a strict code of conduct. This helps to manage any issues quickly and complete the legal aspects of taking out equity release as efficiently as possible. A flexible cash reserve allows you to receive money in smaller amounts. We can suggest a panel of expert independent equity release solicitors. Already have a lifetime mortgage? What should you be thinking about before taking the next step? RIO Mortgages continue into retirement based on income and affordability. Gilroy Steel Solicitors, has been providing Equity Release legal services for over 20 years and are considered the leading firm nationally. Equity Release Specialist Equity Release Solicitors in Manchester and London Equity release can allow you to sell part of your property, giving you a lump sum or a regular income, whilst still allowing you to live there until you sell the property or pass away. This raises a potential issue which may affect firms carrying out conveyancing work relating to them and result in claims being made against the solicitors who execute these mortgages. We are pleased to be able to … We are Independent Financial Advisers and a group of solicitors in Greater Manchester who have created this network to provide independent advice on arranging Equity Release products and the associated legal work. Require monthly interest and or capital repayments. All of our solicitors all have both technical and practical knowledge which reflects their many years of experience. Learn how home reversion schemes work here. Find out the maximum you could borrow with a retirement interest only mortgage (RIO) – a residential mortgage, based on income that allows you to borrow on an open - ended basis into retirement. Our Equity Release solicitors are always happy to help you get the most from your plan. Require monthly interest only repayments. Firstly, they must check your identity, (to comply with Money Laundering Regulations). Equity Release plans – an overview. further details. We will handle the entirety of your equity release transaction on your behalf, acting efficiently and without delay, so you don’t have to put your life on hold or go through any unnecessary stress. Our team at GloverPriest has considerable experience property law, and lawyers specialising in equity release who can advise you on all of the legal implications of the various equity release plans available on the market. By continuing to use the site you are agreeing to our use of cookies. As people live longer, more and more homeowners are choosing to access some of the value stored in their homes through equity release schemes. Learn all about equity release. Learn how these lifetime mortgages work. Equity Release Conveyancing Solicitors. Find out how much money you could borrow when taking out a lifetime mortgage against your buy-to-let property. Information and qualifying criteria on these lifetime mortgages here. Ashfords' Equity Release Department offers a wealth of experience and has been specialising in equity release for over 17 years and is at the forefront of the sector. CORONAVIRUS / COVID-19: We are continuing to provide a full service. 4.9 out of Taking out an equity release plan is a big step and so it’s vital that you have expert impartial financial advice. Finally, they will agree your completion date with your lender and arrange for the transfer of the money to your bank account. ERSA is a portal to allow all homeowners to gain access to independent, specialist solicitors to guide them through the equity release process. Find out the maximum amount of money you could borrow with equity release. ©2020 Equity Release Council. Make ad-hoc repayments which can help manage your final balance to be repaid. Please contact the Equity Release Supermarket team on Freephone 0800 802 1051 or email [email protected]. Learn more about the various types of later life lending plans available to homeowners over the age of 55. If you choose to use our panel of solicitors, then we take care of instructing them for you. 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