How equity release works
Equity release allows homeowners to access the wealth tied up in their property, offering financial flexibility for retirement, home improvements or debt consolidation. It can be a powerful financial tool when managed effectively, but it’s essential to understand the legal and long-term implications. At Amicus Law, we provide expert guidance to help you navigate the process with confidence. Equity release doesn’t require selling your home, but it may affect inheritance and future financial planning. We’re here to help you explore the benefits and risks, ensuring you make an informed and secure decision.
Guiding you every step of the way
We take a personalised, caring approach to every case, keeping your goals at the heart of our service. From your first enquiry to final legal documentation, we guide you with clarity and transparency – ensuring a smooth, secure equity release journey tailored to your individual needs.
Understanding equity release
Explore key facts about equity release to help you make informed decisions about your financial future.
Is equity release money tax-free?
Yes, the funds you receive are typically tax-free, making it a tax-efficient way to access your home’s value to boost your retirement income or fund other financial goals.
Do I need to make monthly repayments?
No monthly repayments are usually required. The loan and interest are repaid when the property is sold or upon death or long-term care.
Can I protect inheritance for my family?
Yes, some plans offer options for protecting a portion of your property’s value to pass on to your heirs. You can ring-fence a part of your home’s value, ensuring that you leave an inheritance for your loved ones.
Do interest rates vary between providers?
Yes, interest rates can differ significantly, so it’s important to compare options carefully.
Is financial advice required before equity release?
Yes, before proceeding with equity release, UK residents are required to seek independent financial advice. This safeguard ensures that you fully understand the implications and risks associated with equity release and make an informed decision that’s right for your circumstances.
Will equity release affect my benefits?
It can affect means-tested benefits, so it’s important to get financial advice before proceeding.
Trusted legal advice for equity release
We offer expert guidance to help you navigate the equity release process with confidence. Our personalised service ensures your needs are met every step of the way.
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