Equity release is a financial arrangement that enables homeowners to unlock the value of their property while continuing to live in it, allowing them to access funds tied up in their property.
If you’re over 55 years old and considering this option, our equity release solicitors in Kent offer experienced guidance, ensuring that you fully understand your options and the legal implications.
This allows you to take out a loan and use the equity of your home as a guarantee. The loan, along with any interest accrued, is paid back when the property is sold.
A private reversion company will buy all or part of your home. You will be able to continue living in your home until you choose to move out or until the end of your life. The reversion company will take their share of the profits when the property is sold.
Before deciding on which scheme to use it is essential that you seek independent financial advice.
Equity release can be a suitable option in various scenarios:
You will be dealing with professional and friendly solicitors with years of experience helping high-net-worth clients with complex property transactions, both locally and further afield. Additionally, our practice is accredited by the Conveyancing Quality Scheme, which shows our commitment to providing high-quality legal services.
We pride ourselves on our clear and straightforward approach. Our equity release solicitors make sure you understand all the legal implications of each equity release product, helping you make informed decisions that suit your needs. You can trust that your interests will always come first as we guide you through every step of the process.
A lifetime mortgage involves borrowing against your property’s equity, which is repaid upon sale. In contrast, a home reversion involves selling part of your home while retaining the right to live there.
Moving may be possible, but it depends on the specific terms of your equity release plan. It’s essential to consult with your solicitor to understand your options before making any decisions.
