Are you looking to release capital from your home but want legal advice to ensure that you are protected? Then you have come to the right place. Our experienced equity release solicitors in Peterborough are here to guide you through the process of releasing capital from your property, while ensuring you are protected.
Equity release is becoming more and more popular among people aged 55 and over. It gives them an opportunity to release capital from their home. This capital can then be used to consolidate existing debt, provide financial support to loved ones, book the holiday of a lifetime, carry out home improvements or just spare money to improve their lifestyle.
To be able to benefit from equity lease in Peterborough you need to own your property in the UK, and it must be your main dwelling. The property must be in a ‘reasonable to good’ state. It’s important to note that not all types of property will be eligible for equity release. The property must be worth a certain stated value. However, this will change dependent on the type of property you own and the condition it is in.
Choosing the right equity release solicitor for you and your property will depend on several factors. Take the time to do your research and ask for recommendations if you don’t have a specialist equity release solicitor that you have used before. You could speak to your financial advisor as they may have recommendations for you too. However, the final decision of which equity release solicitor you use is yours to make.
If you would like to discuss your equity release circumstances or requirements with one of our residential conveyancing lawyers, please call our team now. We are happy to offer advice and guidance to ensure that your best interests are protected.
You are always welcome to arrange to come in and meet with our residential conveyancing team in Peterborough if you would prefer to manage the process face to face.