Why do I need a Solicitor to act for me?

FAQs

The Lenders have stringent lending criteria that must be met for them to lend on your property. An expert equity release solicitor will, through their experience, be aware of the requirements and will identify all documents required at the outset of the transaction to enable you to fulfil the requirements. Additionally, the Equity Release Council provides safeguards for the borrower which include ensuring that legal advice has been provided, your identity confirmed and that you have the capacity to enter the contract of your own free will.

We make the process as streamlined and stress free as possible by identifying all requirements as soon as possible and liaise with the lender’s solicitors at the earliest opportunity regarding any more unusual circumstances, so that we can agree how to resolve any anticipated issues.

More FAQs

Why should I use a specialist equity release solicitor?

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?

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

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?

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?

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?

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...

Skip to content