A home can often be one of your biggest assets.  Equity release schemes work by releasing some of your money while you’re still living there.

Exchanging a portion of the equity in your home for a cash lump sum is a significant step that can have implications in the future, such as the effect a lump sum would have on your entitlement to state benefits, the impact of a compound interest mortgage on the legacy you hope to leave, or tax implications for your loved ones if they receive a gift of cash.

Taking independent legal advice and separate independent financial advice is therefore very important before proceeding.

Our property lawyers will advise you on both the pros and cons of equity release, giving you independent advice on the best way to achieve your goals.