Independent Solicitors Advice

To ensure that you are provided with full Independent advice Equity Release Solutions recommend that you seek advice from an Independent Solicitor.  Preferably a firm that deals with equity release on a regular basis.

Once the offer of acceptance has been issued by the equity release provider your appointed Independent Solicitor will review the document and discuss the implications of the plan fully with you to ensure you understand what you are going into.  They will also carry out all the legal processes required to complete the transaction.

Equity Release Solutions can appoint an Independent Solicitor on your behalf from a range of well known and trusted solicitors.  Alternatively if you have a solicitor or firm you would prefer this is your choice and we can advise you on various aspects to check to make sure they provide you with the best service.

Typical fee of an independent solicitors service on a lifetime mortgage will be £295 plus VAT and £400 plus VAT on a home reversion plan.  The second plan is slightly more expensive as it involves more legal aspects as you are selling all or a proportion of your home.

These fees are charged on completion of the equity release plan and can be paid from the funds released from your home.