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, and understanding the evidence necessary to satisfy them.
In cases where typical documentation isn’t readily available, our extensive experience enables us to identify acceptable alternatives. In addition, our strong working relationships with other parties in the process, such as lender solicitors and lenders, allow us to swiftly address complexities without unnecessary delays.
Time is of the essence, with equity release offers typically lasting around 42 days. Any prolonged negotiations or communications to resolve complexities can result in the offer expiring, which can lead to higher interest rates and the loss of a viable financial solution.
A specialist solicitor with expert knowledge understands these time restraints and their impact and is able to achieve completion quickly and smoothly.