"To make a small number of home improvements and generally improve our lifestyle" Mr and Mrs Meakin, Skegness More...
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home > four easy steps to releasing equity from your home
Four Easy Steps to releasing equity from your home
Step 1 - Do you qualify for equity release? You and your partner must be aged 55 or more. Your property must be worth at least £50,000 and you must be able to clear any outstanding loan secured on the property from the funds you release.
Step 2 - Is equity release the right option for you? Contact Age Partnership on 08080 555 222
for specialist independent equity release advice. We will tell you more about releasing equity from your property and if it is suitable for your circumstances. We can also provide you with a free, no-obligation quotation, researching the whole of the market to find the plan that best suits your requirements - only then can you make an informed decision on whether equity release is the right option for you. We always recommend that you discuss your plans for equity release with your family.
Step 3 - Complete application forms and paperwork If you choose to proceed with releasing the equity from your property, an application form is completed for your chosen plan and a suitably qualified valuer is instructed by the plan provider to ascertain the value of your property and ensure it meets their criteria. An offer is made and your solicitors are instructed to start work.
Step 4 - Receive your cash Approximately 6 to 8 weeks after applying for equity release, you will receive your funds from your solicitor to enjoy in any way you wish.
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