Expert legal guidance for Equity Release and Lifetime Mortgages

By Justine Simms

Associate Solicitor

23 May 2024

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Equity release and lifetime mortgages can be an excellent way for older homeowners to unlock the value in their property or downsize to a home that better suits their needs, but you will need specialist legal advice.

Our residential property solicitors can assist in the legal aspects of equity release, including lifetime mortgages, and can help you make sure they are the right decision for your goals and unique situation.

There are several reasons people consider equity release as they get older. It can release money for home improvements, to fund retirement plans or to consolidate debts, for example. However, more and more people are using equity release products like lifetime mortgages for downsizing to a more suitable property.

It is worth bearing in mind that key financial decisions involving equity release involve careful consideration to avoid placing you and your family at risk and we recommend seeking legal advice at an early stage.

The right time to consult us is after an independent financial advisor has recommended an equity release product to you. Make sure your advisor specialises in equity release products and is themselves regulated by the Financial Conduct Authority (FCA).

If you are considering equity release as part of your estate and inheritance planning, we can also provide comprehensive additional advice on wills and lasting powers of attorney.

“It has been an incredibly smooth experience with this entire process and thank you for all of your help with the many questions we had. This has been a very pleasant experience and we will definitely be recommending your services to others in the future and will come back when we will move again.” – Direct Client Feedback

If you would like to talk to a legal expert about the potential risks, rewards and obligations of equity release, please contact Justine Simms on 01727 845 245 or by emailing justine.simms@taylorwalton.co.uk

Disclaimer: General Information Provided Only
Please note that the contents of this article are intended solely for general information purposes and should not be considered as legal advice. We cannot be held responsible for any loss resulting from actions or inactions taken based on this article.