Unlocking Your Equity - Releasing Your Capital
We advise many clients on releasing equity from their assets, a popular financial planning tool for an active retirement. Increasingly people are blessed with good health but restricted by the poor performance of pension funds and low annuity rates over the last two decades. Many people of pension age find themselves ‘asset-rich’ but ‘cash-poor’. In a sluggish property market, where it is hard to sell up and buy a smaller property, this could be an progressively more common way of helping people to boost their spending power.
What is Equity Release?
Equity Release is a product which enables an individual or couple over the age of 55 to release capital from their property, either as a lump sum or to provide an income. Usually the equity release is secured by a mortgage or all or part of the property can be sold to an equity release company.
Frettens Equity Release Team
Trust in your advisers is crucial to all aspects of law but it is equally important when dealing with the delicate issues relating to property and finance. Our Equity Release specialists draw on vast experience in tax, Wills, financial planning and property work.
We are happy to advise clients on a generic basis with regard to equity release products and we are also fully authorised and able to advise on all legal and conveyancing aspects of equity release. Our advice is entirely independent of any financial institutions and all our advice is geared entirely to ensuring that the decision you reach is in your own personal interests and suits your own personal situation.
Financial Advice
It is important that all clients obtain clear independent financial advice regarding any individual equity release product. We are able to introduce you to a specialist advisor, if you require, and we will ensure they are fully independent, fully qualified and registered with the FSA and that any equity release product you enter to is SHIP compliant, which means your home is safe for life.
We offer a fixed-price legal package to fully advise on all legal aspects of equity release products and on important associated matters such as Wills and lasting powers of attorney. For any clients that we introduce to an independent financial adviser, we will offset any introducer fee received from the financial adviser against our legal fees, to reduce your costs.
Contact Paul Solomons or Iain Lorrimer for a free initial consultation.
