Raising money from your house
As part of being able to give the most appropriate advice for later life, we will sometimes talk to you about the options of Equity Release.
For instance, you may not have made enough provision for the retirement you'd like, have everything tied up in your home and have very few other assets.
Although we wouldn't actually process an Equity Release request ourselves, we are qualified and experienced with Equity Release. This should give you confidence that our advice is completely impartial.
We can recommend an independent equity release specialist that is appropriately qualified and experienced if you'd like us to.
How does Equity Release work?
Step 1: Get advice
You will need to talk to an equity release adviser who is experienced in equity release and can help you to look at alternative means of raising funds. Your adviser will assess your personal situation and research the whole market in order to find the best plan for you.
Step 2: Personalised illustration
Based on your individual circumstances, your adviser will prepare a recommendation for you. They will also provide you with a personalised illustration which will detail how equity release could work for you.
Step 3: Independent legal advice
You will need to find a solicitor who specialises in equity release, we can recommend a good solicitor if you need one. They sort out all the legal details and make sure you fully understand how the plan works together with all the implications before you go ahead.
Step 4: Application, valuation & offer
Once you and your equity release adviser have decided on the right plan, your home will then be valued and you will be sent an offer confirming the details of your equity release plan.
Step 5: Completion
If you still decide to go ahead and you're happy with all the details of your equity release plan the you can submit your application. You should receive your money approximately eight to 12 weeks after your application has been received by your equity release provider.