Independent legal advice for Equity release
Considering releasing money from your home? Newnham & Jordan Solicitors can provide the independent legal advice you need before proceeding with an equity release plan.
Equity release can be a significant financial decision, particularly where your home is one of your most valuable assets. Our experienced property lawyers will explain the legal documents and terms clearly, answer your questions and make sure you understand what you are agreeing to.
We don’t sell equity release products. Our role is to provide independent legal advice and protect your interests throughout the legal process.
Why choose Newnham & Jordan?
- Independent legal advice
- Experienced property solicitors
- Equity Release Council member
- Clear, straightforward explanations
- No-obligation initial consultation
- Transparent legal costs
- Flexible appointments
- Wimborne-based team
Thinking about equity release? Speak to our team today.
Call 01202 122 678 or request a callback.
Do I need a solicitor for equity release?
Equity release involves entering into a legal agreement secured against your property. Independent legal advice is an important part of the process.
Your solicitor will explain the legal documents, make sure you understand what you are agreeing to and deal with the legal requirements associated with the transaction.
This is precisely the sort of question someone will search before choosing you.
What happens when you instruct us?
1. Initial conversation
We’ll discuss your circumstances and explain how we can help.
2. Review of your equity release documents
We’ll review the legal documentation associated with your proposed plan.
3. Independent legal advice
We’ll explain the agreement and answer your questions in straightforward language.
4. You decide
Our job isn’t to pressure you into proceeding. We’ll make sure you understand the legal implications so you can make an informed decision.
5. Completion
If you decide to proceed, we’ll deal with the legal requirements and work with the relevant parties to complete the transaction.
What Type of Equity Release Plan Should I choose?
This really depends on your age and financial circumstances and the type of plans on offer at the time. They can vary tremendously just as traditional mortgages vary with different lenders.
It is essential that you understand the financial implications. These could affect entitlement to benefits or there may repayment penalties, or interest increase after an introductory low rate. This should all be fully explained to you by the lender and financial advisor. Therefore it is vital that the contract is independently checked by your solicitor so you can be sure of the terms you are agreeing to.
You should bear in mind that Equity Release is not for everyone and you will need to make an informed decision as to whether this is something with which you should proceed.
Considering equity release?
Get independent legal advice from our experienced team.
Why Choose Newnham and Jordan?
Newnham & Jordan Solicitors are experienced property lawyers and can help you by making sure the contract is suitable for you, and carry out the required legal processes involved. We offer a “no obligation” initial consultation where we would be happy to run through the process and legal implications with you. We will also provide you with an indication of the anticipated legal costs.
