EQUITY RELEASE
THE EQUITY RELEASE PROCESS
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This decision is yours, but we find keeping your family informed is a good idea and a good place to start.
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Your adviser will review your needs and future plans with you. will then meet you in person, make their recommendation and outline details of the plan.
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To make sure you fully understand the implications of your decisions, all Equity Release Council members require that you discuss it with your own solicitor before committing to a lifetime mortgage.
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You will receive the money through your solicitor.
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Talk to a financial adviser. Many of the Equity Release providers have their own advisers who will be able to advise on their products. Alternatively you can use an Independent Financial Adviser who can advise from products from the whole equity release market.
Advisers will hold specialist qualifications in Equity Release. Most advisers will offer a free initial meeting, where they will go through the process and what to expect. Whichever option you choose the adviser may charge for their services.If you don’t have an adviser, but want to speak to one, you can find one near you at vouchedfor.co.uk.
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If you decide you want to go ahead, make a final appointment with the adviser to complete your application form. Your adviser will arrange an independent valuation of your home and confirm exactly how much money you can release.
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You will receive your offer which will confirm the amount you can borrow. Discuss the plan with your adviser and solicitor and then sign the legal paperwork.
