This is often a complex process which is why it is essential to have specialist legal representation and PLS Solicitors can provide this. Call PLS Solicitors’s equity release solicitors today on 0161 941 7449, or complete our contact form and an expert residential conveyancer will contact you promptly.

Equity Release Solicitors

Equity release schemes have become more and more common in recent years. Many people use their equity release for retirement planning however it can be used for a number of situations such as home improvements, paying off a mortgage, paying for a child’s wedding and so forth.

There are two types of equity release scheme available on the market, both of which have several variations. One option is a lifetime mortgage and the other is a home reversion plan. Our property solicitors will discuss both options with you in full to make sure that you choose the best route for you.

Equity release can reduce the amount of inheritance tax that has to be paid on your death. From 2010 to 2015, inheritance tax of 40% is applied on anything over the value of £325,000. You must seek our professional legal advice so that we can explain the process to you in full as many people begin the process without being fully informed.

Equity release is a big step and it is something that you must consider fully. This is why a specialist residential property solicitor will take you step by step through the entire process, explaining all the terms to you in detail. We will carry out the transaction by requesting the deeds to your property and liaising with the equity release provider. Our property solicitors’ work with some of the major equity release providers and we have assisted numerous people from across the country in such a transaction.

PLS Solicitors always put their clients first and if you are unable to come to our office, we will come to you and thoroughly go through the process and documents with you and your loved ones.