Personal

Equity Release Conveyancing Solicitors

Our team of solicitors specialise in equity release and can help you with every step of the equity release process.

SOLVING PERSONAL LEGAL MATTERS

If you are coming up to retirement age and want to release equity from your home, Forbes expert solicitors specialising in equity release can help you.

We offer all of our services on a fixed fee basis, including those regarding equity release.

Equity release is a specialist area of conveyancing law, and as such you need a specialist team that can handle your case quickly and effectively.

We can also offer legal advice on any Drawdown Lifetime Mortgages and Home Reversion Plans.

Equity release can turn any equity you have tied up in your property into disposable cash perfect for any home improvements or an extra cash injection for a holiday and is relatively stress free as long as you get the best team to handle your case with experience in conducting the legal process.

No Tax from an Equity Release Scheme

There is no tax to pay on the money released from an equity release scheme and you still retain 100% ownership of your property. Put Simply; you're borrowing money from your own estate which is paid back if you pass away or are moved into long term care, from the remaining value of your property upon sale.

Our conveyancing solicitors are also able to offer legal advice if you are using the released equity to purchase more property and can help with any legalities involving mortgages.

We understand that any aspect of residential conveyancing can be a particularly daunting experience, and as such we aim to take all the stress out of buying, selling or releasing equity, making sure that every client is completely aware of all the legal aspects involved and kept up to date throughout the entire process.

Choose Forbes for your Property Equity Release

If you are thinking of releasing equity from your property make sure you have the right team handling your case. With many years' experience in the property conveyancing field and a dedicated team ready to handle your equity release queries call the friendly team at Forbes Solicitors today.

For free initial advice on equity release call us today on 0800 689 1358 or contact us for the best advice available.

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FAQs

Do you need a solicitor for equity release?

It's now a requirement for equity release that you take independent legal advice before committing. It's important to take legal advice when you're considering equity release to help ensure that you understand the potential legal considerations, and the impact on your estate or Will.

How much are solicitor’s fees for equity release?

As with any legal service, the solicitor's fees for equity release can vary from firm to firm, but your solicitor should always discuss the costs with you before you instruct them so you know what to expect and what the fee includes.

At Forbes, we offer a fixed fee for our equity release services, so there will be no unexpected surprises at any point in the process. Get in touch to find out more and get a quote.

What are the problems with equity release?

As with any kind of borrowing decision, there are pros and cons to equity release, and it isn't suitable for everyone. One consequence of equity release is that it will reduce the amount of inheritance that your beneficiaries will receive when you pass on.

A good solicitor will ensure that you understand the pros and cons of the various different options when it comes to equity release, so that you can make an informed decision about what to do next.

For example, if you are currently eligible for some means-tested benefits, releasing equity from your home could mean that you are considered to have savings over the threshold and may lose access to the benefits, which could include help with the cost of care.

It's also important that you understand the specifics of the scheme you are looking at e.g. home reversion or a lifetime mortgage, as they work differently and could have different consequences for you and also your loved ones after you pass away.

Our expert conveyancing team can help give you expert advice on equity release and whether it is right for you. Get in touch to find out more.