A Law Firm For Life
If you are over 55 and considering an Equity release scheme you will need legal advice in relation to the finance.
Irwin Mitchell have over 10 years experience in dealing with equity release transactions throughout the England and Wales.. We can guide you through the process, and ensure your best interests are looked after.
Experts In Equity Release Transactions
There are two types of equity release scheme commonly available:
1. Lifetime mortgage: You borrow against the value of your home, releasing a loan which can be used to provide an income, a lump sum, or both. The loan doesn’t have to be repaid until you die or when you move to alternative accommodation. Interest, usually at a fixed rate, is added to the outstanding loan.
2. The home reversion plan: all or part of your home is sold to a private reversion company. In return, you receive a lump sum, regular income, or both. You can stay in the house, either rent-free or for a nominal monthly rent, for the rest of your life. When the property is sold, either after your death or when you move into alternative accommodation, the reversion company receives all or part of the proceeds of its sale, depending on what share you have sold.
An equity release typically takes between six and eight weeks. We’ll make the process as simple and straightforward as possible:
- You’ll be in direct phone and email contact with a professional who will deal with your plan from instruction to completion
- We’ll send you regular progress updates, by whichever method you prefer - post, email or even in a text to your mobile phone.
You may qualify for discounts depending on your circumstances. Call us now to find out - 0870 1500 100
"Irwin Mitchell were 100% professional and friendly. Nothing was too much trouble for them."
Before we begin, we’ll give you a fixed quote telling you what our fee will be. In most cases, you won’t have to pay it up front. We’ll usually wait until completion of your plan. There are no hidden costs.
If you are considering financial planning matters as you head for retirement, you may also wish to prepare a will. Irwin Mitchell offers a comprehensive will-writing service which can be dealt with by post and by phone, rather than having to visit one of our offices.
Working With Irwin Mitchell
Irwin Mitchell is one of the UK’s most successful and respected law firms. Offering expert legal guidance for individual clients, we are also the law firm of choice for many financial institutions in providing legal services to their customers.
We provide clear, straightforward advice and a professional, proactive service.
Many legal needs can be met as they arise or planned for in advance. Others are harder to anticipate. Whatever the circumstances, our commitment to our clients is simple - a law firm for life.
Further Information About Our Equity Release Service
For an initial discussion, with no obligation, call 0870 1500 100 or complete our online enquiry form.