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Latest Equity Matters News and Opinion from The Law Superstore
What is equity release and how does it work?
Equity release is the ability to free up the equity from your property, whilst you continue to live in it. For many people, their property is their biggest asset, but all their savings are tied up in it. Equity release allows you to withdraw either a lump sum or a monthly amount from the value of your property, in a similar way to a mortgage.
Remortgaging your home
Legal advice can be a valuable asset to an individual looking to remortgage a home or buy-to-let property. Not only are specialist legal service providers equipped to represent your best interests and carefully check any documentation produced by a lender, they can also represent you should a dispute occur and a complaint to the Financial Ombudsman be required.
Transfer of Equity Process
When you own a property with someone else, you may end up wanting to transfer full ownership to either yourself or the other person. The process has a lot of moving parts, so it's best to be prepared; luckily you're in the right place to find out everything you'll need to know.