Equity release offers a way to access the money tied up in your property. It is becoming a popular way to gain a source of funds particularly for those who have paid off their mortgage or who have a large amount of equity in their home.
Equity release can give more financial freedom by taking money out from your property and spending this on other items such as home renovations, taking a holiday or to help children get on the property ladder. It can also be used to provide an additional source of income for those who have retired and need a pension top up.
If you are looking to release equity in your home, we recommend you speak to a financial advisor to assess if this is the right solution for you. It is important to be aware of the implications as for example it will reduce the amount of equity within your home which will cause implications to inheritance and tax. The financial pros and cons need to be understood to make sure you and your assets are protected.
If you are looking to proceed with releasing equity from your home, it is important to get legal advice and engage the services of an equity release conveyancer which is where Home Legal Direct can help.
Complete our equity release online quotation form and you will receive an instant breakdown of the conveyancing costs. We will then contact you to answer any questions you may have. Should you wish to go head, we will arrange the instruction with one of our experienced equity release conveyancing solicitors, ensuring you are in the right hands to take the next steps.