Equity Release is commonly used by individuals and property owners who wish to raise funds secured upon their property, without the need to repay the loan, whilst continuing to reside within the property. The intention is for the funds to be repaid, together with interest and charges when the property is sold later on, or upon your passing.

There are many versions of Equity Release, some of which involve transferring the legal title at the outset. Other schemes impose restrictions on your use of the property and obligations concerning its upkeep.

As outlined above, schemes for Equity Release vary considerably, particularly in regards to costs, so it is vitally important that you are advised as to the amount of reduction in the value of the Equity in the property, due to you or your family.

Based out of our Barking office, we predominantly carry out a lot of transactions in the London and Essex areas.

We have all the legal expertise you will need to guide you through the arrangements for entering into an Equity Release Scheme, including offering advise in the following areas:-

• Legal implications of Equity Release and reversal agreements should these be required at any stage
• Buying and Selling property using Equity Release or the transfer of an existing Equity Release plan to a new property
• Extending your lease or buying your freehold with Equity Release.

Our standard fee for this type of work is £750 + disbursements and VAT.

Call our specialist Conveyancing Solicitors now on 0844 800 9860 for a free telephone consultation or request a call back through this website.