People release equity from their property for many different reasons. While this can offer a great deal of momentary comfort, it could also have lasting financial and legal impacts which you should be aware of before you make the decision to embark on an Equity Release. There are many questions which you should seek legal advice upon to satisfy yourself, including the following:
- What is equity release;
- What affect it will have on my taxes; and
- How do I prevent passing on a debt to the Executors of my Estate?
Equity Release Schemes allow you to take out cash on the equity which you have accumulated on your property. There are many different types of schemes which are available to suit your circumstance. It is important to receive both financial and legal advice in order to make the correct decision.
At Bloomsbury Law, we have a team of specialists who have helped clients with Equity Releases for years. If you are seeking legal advice on Equity Releases, please get in contact with our team. We will listen to your circumstance, answer and enquiries that you may have and advise you accordingly once we are instructed.
What do I do next?
Contact us online or speak to one of our dedicated specialists on 0207 998 7777 for a free initial consultation. With our vast experience in the field, our bilingual speaking team will work with you to ensure this process runs as smooth as possible. All information you provide us with is treated with the utmost confidentiality.
We will contact you no later than the next working day to arrange a meeting at our offices in London W1 to advise on the agreement.