Could Equity Release Be The Right Option For You?
Releasing the equity built up in your property is a popular and increasingly important part of retirement planning. Many homeowners choose to live a more comfortable retirement and taking the money from within their property opens up new and exciting possibilities, whilst still allowing them to live in the home they love.
As equity release concerns your most important asset – your property, it is vital that you seek expert advice. Hopkins Equity Law will provide assistance through all stages of the equity release, advising you as to the technicalities of the scheme and ensuring you understand the implications this will have during its operation.
Hopkins Equity Law
Hopkins Equity Law, a specialist division of Hopkins Law, is a provider of legal services to the equity release market, dedicated to delivering fast, reliable and competitive completion of each equity release case. We are proud to have been the first member of the Equity Release Council in Wales advising Borrowers, meaning you can have complete confidence in our advice.
Offering an immediate response to new instructions with swift turnaround times, our professional, flexible and client-centred services are designed to meet the needs of all our clients.
Equity Release Scheme
What exactly does an equity release scheme involve?
It lets you raise money from your property as a regular income, a lump sum, or both. It also gives you and your partner the right to remain living there until you both pass on or decide to move out.
There are two types of equity release scheme available in the market, with several variations on each:
- The lifetime mortgage involves taking out a new loan secured on your home
- The home reversion involves selling all, or part of the ownership of your home
In return, both will pay you a lump sum and/or an income.