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Equity Release

Have you considered releasing equity in your home to help you with home improvements, help your children financially, or just improve your standard of living?

If you are over 55 years old with a property worth at least £50,000 then you could be eligible for equity release. Taylor Bracewell have specialist lawyers who can advise you on this subject. We have completed many equity release schemes for clients and have the necessary experience to conduct the legalities involved.

What types of equity release are there?

There are two main types of equity release;

  • A lifetime mortgage
  • A home reversion scheme

Both types of equity release give you the right to reside at the property for the rest of your life. There are advantages and disadvantages of each type of equity release so it is essential to ensure that you take specialist advice before proceeding.

Lifetime mortgage - With a lifetime mortgage, you have no Monthly payments to make, but the interest rolls up either daily, monthly or annually and is added to the mortgage debt. The mortgage is repaid when you die or when you vacate the property due to ill health or voluntarily.

Home reversion scheme - A home reversion scheme is where you agree to sell all or part of your property to a home reversion company. This means that when you and or your partner die or have to go into long-term care, the home reversionary company take possession of your property. The advantage with this type of scheme list that they traditionally pay more equity than a lifetime mortgage.

Our Lawyers will advise you on all the options available to you and whether equity release is the most suitable method of releasing equity. If it is, as a firm of solicitors, we can deal with the legal work involved to provide a streamlined and effective service that you would struggle to find elsewhere.

For more information why not download one of our Conveyancing Guides

We can also help you with any of the following:

Are you thinking about Equity release? 

Our property team are here to help 

01302 341 414 0114 272 1884
Residential Property Team Headed up by Partner Mark Walton, our Residential Property team, based at both our Doncaster and Sheffield offices can help you with all your property legal needs from buying and selling your home to equity release Meet the team
I have just sold my house and wish to thank Mark Walton for his hard work involved in the sale and purchase. Mrs Jackson opening-speachmarks closing-speachmarks
Brilliant and professional service. Conveyancing went smoothly with no hiccups. Would recommend, and the best bit... the price Mr Lockett opening-speachmarks closing-speachmarks
Very friendly and kept me informed all the time. Selling a house can be very stressful and Sophie acted quickly to get me a good result and when things were not going to plan Sophie kept in touch to stop me working. Good Job. Mrs Smith & Mr Barker opening-speachmarks closing-speachmarks
Thank you for dealing with the sale of our property, and the way you dealt with other people not as dedicated as yourself. Many Thanks. Mr & Mrs Taylor opening-speachmarks closing-speachmarks
Very pleased with the prompt and efficient service. Always replied to emails and phone calls quickly and very understanding and helpful. Thank you. Mr & Mrs Sharp opening-speachmarks closing-speachmarks

Contact Our

CONVEYANCING TEAM

If you are looking for Conveyancing experts to help you with Residential Property Law needs, our team will give you a call back at the earliest opportunity. Alternatively, you can call our Doncaster office on 01302 341414 or our Sheffield office on 0114 272 1884
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