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Whether you want to book an appointment, have questions about equity release or just want to find out more, the expert team are on hand to help.
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We met with one of our customers, Dennis Thompson, and he spoke to us about his equity release journey and how it has helped him in his retirement.
To be eligible for equity release you need to be aged 55 or over and own a UK property worth at least £70,000. The type of property you own and how much (if any) is outstanding on the mortgage or other debt secured against your home would need to be paid off.
To be able to release equity from your home you need to speak with an adviser who will discuss your goals and requirements. They will help you consider all the options, explore alternatives and answer any questions you might have.
If equity release is not the right solution for you, they will state the reasons why and provide you with alternative options to consider.
Your adviser will present their recommendations, and if you are happy to go ahead, they can help you complete your application.
This will be sent to your chosen provider who will arrange a valuation of your property.
Your provider will issue your offer directly to you, and once the legal paperwork is complete, your funds will be released.
Remember, to be able to release equity from your home, you will need to get expert advice.
Good advice is worth paying for and we're very clear about the amount you pay for the service you receive from us.
Our equity release advice service could help you decide if equity release is right for you. It comes with a no obligation guarantee - meaning the advice and arrangement fee of £1,100 is only payable if you decide to take out a recommended product.
If you decide to proceed with equity release, your property will be valued by an independant RICS registered surveyor. The costs for a surveyor's valuation is based on the value and size of the property can typically range from £150 to £1,500.
Once you've decided to take out equity release, you'll need to find a solicitor who will work alongside your provider's solicitors to put all the relevant paperwork into place. They will provide you with independent advice and carry out the necessary legal work required.
Solicitor fees will vary depending on the amount of legal work required to complete on your equity release product. You may be able to find a solicitor offering a fixed fee service. On average you can expect to pay around £650 for their services.
Similarily to taking out a regular mortgage, you may also be charged an application fee (also called arrangement, administration or completion fee) by the lender. These fees vary by provider but they usually range from free to £950 and cover the set up and legal costs when arranging your equity release plan.
