Equity Release

In this context, equity is the value of your property less any outstanding mortgage.

An equity release plan allows the release of tax free cash from the property in the form of a lump sum or regular income with no monthly payment to make. Equity release schemes are growing ever popular with retired homeowners who have money tied up in their property that they cannot use to buy what they need.

Equity release is a serious financial decision and you should take professional advice from an independent financial advisor before committing yourself to such a scheme. Raleys can put you in contact with an independent financial advisor if you would like advice on this.

Equity release is a specialist area in conveyancing. This is because of the complicated paperwork that differs from normal mortgages/loans. By speaking to Raleys your will receive advice from highly experienced property lawyers that have vast experience in dealing with your intended Equity Release scheme, saving you time, hassle and money.

If you would like to speak to a member of the property department about this service and the benefits of using Raleys for your property needs, please call our dedicated helpline on 01226 603136.