A home equity release mortgage is becoming a more and more common way for homeowners to enjoy a more comfortable retirement. The mortgage allows you to release some of the value of the equity in your home. This type of mortgage does not require any regular payments and instead will be paid when the property is sold on the death of the owner.
If you are considering a Home Equity Release Mortgage we advise that before entering any scheme you seek proper advice from an independent financial advisor to ensure this is the best plan for you. It is important that you understand all of the options available to you and the advantages and disadvantages for each one, so that you don’t later regret a decision you have made.
Once you are aware of all the options available to you and you are ready to proceed to the next step, it is strongly recommended that at this stage you seek legal advice. Our job is to clearly provide you with all the legal advice you need and provide you with guidance through each stage of the process, from applying to the mortgage to dealing with all the paperwork involved. We will also prepare the necessary papers to send to the land registry to show that you now have the mortgage.
We can also provide you with advice on your estate and where necessary assist you with your Will and inheritance planning.
For further information and advice contact our conveyancing team today across Lincolnshire and Newark.