Equity Release & Lifetime Mortgages
Equity Release is a way of unlocking some of the equity in your property into a lump sum of cash whilst being able to stay living in your home. You are effectively taking out a mortgage which is only repayable if you sell or die.
Before embarking on an Equity Release you should have a financial health check from an independent financial advisor. If you decide to proceed we can then act for you.
Releasing equity from your Property will diminish the value of your estate and the amount your beneficiaries will inherit on your death.
As part of our legal service we recommend that you discuss the issues with your beneficiaries to ensure that they fully understand the implications to avoid any misunderstanding in the future.
You should also take the opportunity to review your Will.
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