Equity Release
If you are thinking of releasing some of the equity in your home, we have both specialist
financial advisers and solicitors who can advise you on this subject.
We will consider all the options for you and consider whether equity release is
the most suitable. If it is, we can help you find the best deal for your particular
circumstances and, as a firm of solicitors, we can also deal with the legal work
involved.
There are two main types of Equity Release, a Lifetime Mortgage (Roll-Up Mortgage)
and a Home Reversion Scheme. Both schemes give you the right to live at the property
for the rest of your lives and we will discuss the advantages and disadvantages
of both schemes with you. Please e mail
financial.services@chattertons.com for a free initial consultation or contact
one of our financial advisers, Richard Ludlow on (01780) 764145 or Tim Barker on
(01205) 351114.
Lifetime Mortgage
A Lifetime Mortgage – you have no monthly payments to make but the interest rolls
up and is added to the mortgage and repaid when you (or the last of you if joint
borrowers) die or if you have to go into long term care.
Home Reversion Scheme
A Home Reversion Scheme is where you agree to sell all or part of your property
to a Home Reversion company.
Equity Release Mortgages: This is a lifetime mortgage. To understand the features
and risks, ask for a personalised illustration.
Regulated by the Solicitors Regulation Authority. Authorised and Regulated by the
Financial Services Authority.
Contact Details
Financial Services Team