If you are aged 55 or over you can choose from a range of schemes that are suited to your circumstances and that will provide you with the capital that you need for things such as travel, later life care, or extra income in retirement.
Jarmans Solicitors are not financial advisers so we can’t give you advice or options on schemes; you will need to talk to a specialist financial advisor for that, but we can give you the legal advice that you need if you do decide that later life lending is for you.
It’s important that you take independent legal advice when you are considering an equity release scheme and is usually required by your equity release provider.
Our team of specialist solicitors will sit down with you and ensure that you understand the equity release contract, including all of the risks and rewards connected to it. An equity release contract is designed to last for your lifetime or until you move into full time residential care (or the survivor/second of you if you are joint borrowers) and is connected to your greatest asset, your home, so it’s vital that you are fully aware of the benefits and risks of signing a contractual agreement.
If you are over 55 years old and have already spoken to a financial advisor about releasing your home’s equity, contact us for independent legal representation.
Jarmans took the time to explain several items and offered some very good advice. I will definitely use them again.
Excellent service here. Needed a one off legal document and they were able to accommodate us the next day. We were given good advice. Highly recommend.