Transfer of Equity
What is Equity Release?
The equity, or value, that is tied up in your home is the open market value of your property, less any debt secured against it. Normally, you would access this additional value after selling your home, but an equity release scheme enables you to enjoy the cash now and remain living there. Equity release plans can be complicated products and are a major step for many people.
Why do I need legal advice on Equity Release?
Your house is almost certainly the most expensive asset you own and equity release can decrease the amount of money your family will inherit upon your death and may also affect your entitlement to means-tested benefits. Equity release can also reduce the amount of inheritance tax paid by your estate after your death. Inheritance tax kicks in at 40% on everything left behind over £312,000 (2008/2009). Importantly, that figure includes the value of your home. It is therefore important that you seek legal advice from the very beginning.
How will Conveyancing Solutions help me with my Equity Release?
Whether you want to carry out essential repairs or home improvements, enjoy holidays, children’s weddings or simply finance general living expenses, we can help you with your equity release.
Conveyancing Solutions will put you in touch with one of our conveyancing solicitors who will deal with your equity release and provide expert legal advice from the very beginning to help take the stress out of the equity release process and protect your interests.
What will the Equity Release solicitor do?
The equity release solicitor will provide advice on the terms of the equity release scheme, ensuring that you fully understand the implications this will have for you during the operation of the scheme and the impact upon the inheritance once you have passed on. Your equity release solicitor will send the necessary paperwork from your deeds to the equity release provider and order the equity release money from the provider.
How will I be kept updated through the Equity Release process?
the equity release solicitor will keep you advised of progress throughout your equity release by way of post, email and telephone. All our conveyancing staff have direct telephone numbers and email addresses for your convenience and to offer you peace of mind.
Can I visit your offices?
Conveyancing Solutions has offices in the Wirral, Cheshire and the City of London and represents equity release clients nationally across England and Wales. If you would like to discuss your individual equity release requirements in person with one of our equity release solicitors, we would be delighted for you to attend any of our offices free of charge. Simply telephone 0800 083 4077 to make your appointment with one of our equity release solicitors. Out of hours appointments can be arranged, if needed.
Can you proceed immediately with my Equity Release?
Yes. We can adeptly manage your equity release scheme from start to finish by telephone, post and email. To start the ball rolling simply call 0800 083 4077 or instruct us online.
Am I obliged to instruct if I contact you?
Please note that our equity release service is confidential, and it is non-obligatory until you provide your firm instructions to the equity release solicitor.
