Can I get an Equity Release on my holiday home?

FAQs

Provided your property is within the UK some lenders do have holiday home equity release products. There will be specific requirements that the lender has relating to the loan. Please enquire with your Financial Adviser as to availability and suitability. Once your financial adviser has identified a suitable product, we would be happy to discuss the Lender’s legal requirements.

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More FAQs

Why should I use a specialist equity release solicitor?

Oct 4, 2023 |

Equity release transactions can be more intricate compared to standard re-mortgages due to lender’s additional requirements because this is intended to be a lifelong financial commitment. Our expertise lies in anticipating and comprehending these lender requirements,...

How do I know if my case is complex?

How do I know if my case is complex?

Oct 3, 2023 |

Our process begins with a comprehensive fact-finding session with our solicitor who will ask you a series of questions about the property and your personal situation. This helps us determine if there are any potential complexities. Additionally, we conduct a thorough...

Safeguarding against Elder Fraud

Safeguarding against Elder Fraud

Oct 3, 2023 |

I have worked in the finance department of law firms for over 20 years starting as junior gaining experience and qualifications progressing through to my current role as the Head of Accounts. I have always felt a strong sense of responsibility towards our clients,...

How long will it take?

Oct 2, 2023 |

Each case we handle is unique, and the timelines are contingent upon the details of the property title. Typically, when applicants hold a standard residential mortgage with a mainstream lender, and all parties are listed on the property title, the process can be...

Can I move house?

Sep 29, 2023 |

Yes, you can. All Equity Release Council approved plans provide for you to be able to move home, transferring the equity release charge to your new home. There are lender restrictions over which type of properties are acceptable, and you may be required to repay some...

Do you pay monthly interest on an Equity Release loan?

Sep 29, 2023 |

There are many different products on the market and, depending on your circumstances and wishes your financial adviser will source the most suitable product for your needs. Some products do provide for monthly interest payments, which have the advantage of ensuring...

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