Chattertons Solicitors Banner Image

Equity Release Advice

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 advise 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 to provide a streamlined and effective service that you would struggle to find elsewhere.

What Types Are There?

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.

Lifetime Mortgage

A Lifetime Mortgage – you have no monthly payments to make but the interest rolls up and is added to the mortgage and is repaid when you (or the last of the joint borrowers) die.

It may be the case that you have to repay if you have to go into long term care. So we strongly urge you to take independent financial advice before considering any equity release product.

Home Reversion Scheme

A Home Reversion Scheme is where you agree to sell all or part of your property to a Home Reversion company.

This means that when you and your partner die or go into long-term care then the home reversion company will take possession of your property. The advantage with these schemes is they traditionally pay more than the Lifetime Mortgage.

Get in touch 

To set up a meeting with a specialist member of our team, please get in touch with your local branch or fill in our online enquiry form and we will be in touch shortly. We have local branches across Lincolnshire, Nottinghamshire, and London in Boston, Bourne, Grantham, Horncastle, Lincoln, London, Newark, Sleaford, Spalding, and Stamford.


To understand the features and risks, please ask for a personalised illustration. Equity released from your home will be secured against it. Your home may be repossessed if you do not keep up repayments on your mortgage.