Clear and simple Equity Release Advice

As part of the process of releaseing Equity from your home you will need to obtain independend legal advice.

If you have had a mortgage before you will have used a solicitor during the process.  You can of course choose to use your own solicitor again, however do they have the experience and expertise to deal with Equity Release?

At Your Time Equity Release we have made arrangements with a specialist Equity Release solicitor firm to offer our clients a fixed fee legal service for only £999*.

 

What does this service include?

 

The legal service we have negotiated is fully inclusive of VAT and a home visit to complete the paperwork in England and Wales.  Clients in Scotland or Northern Ireland may incur a further charge for a home visit or can visit a local soliticor firm to witness the signing of the parperwork.

The legal process is not just about giving you advcie on the legal aspects of taking out an Equity Release plan.  There may be other processes and aspects that need to be dealt with.  To make this process as simple as possible the fixed fee of £999 also includes the following:

 

Removal of up to 1 charge or restriction on the property – normally £99 plus VAT per removal. 

 

If you have a current mortgage on your home which you are repaying from the money you are releasing the charge on the property will need to be removed.  Or if you have had a previous mortgage and the charge has not been removed properly, this will need to be dealt with during the process.

 

Occupiers waivers – normally £35 plus VAT per form. 

 

If there are any other people, such as children, grandchildren or lodgers who are over the age of 17, living at the property but are not party to the Lifetime Mortgage application, they will need to sign waiver form confimring that they do not have an automatic right to stay in the property when the mortgage is repaid.

 

Leasehold fees – normally £99 plus VAT. 

 

If your home is a leasehold property some providers ask for extra work to be carried out to check the terms of the lease.  This does not cover the work required to extend a lease if that is necessary and not all providers require this.

 

Shortfall of funds – normally £139 plus VAT. 

 

If you are using some or all of the money you are releasing to clear any other debts or mortgages secured on the property and you are using money from other sources to cover any shortfall in this repayment there will be no extra charge to cover this.

 

*Applicable in England and Wales only.  Fees in Scotland and Northern Ireland may vary.

 

Complete the form below and we will send you details of our Fixed Advice and Solicitor Fee service free and without obligation.   Always check all the fees you will pay before choosing your adviser and your solicitor, as we promise no hidden fees or costs.

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PERSONAL DETAILS

Your first name

Your surname

First forename

First surname

Second forename

Second surname

How old are you?

Youngest age?

In the case of joint owners, the amount you can borrow is based on the age of the youngest person.

Type in your postcode or manually input your address.

We will not contact you unless we have any queries. We will not pass your details onto a call centre or sell your information.

The Your Time Guarantee:

    • No advice fees.

 

    • No call centres or sales calls.

 

    • No Completion-No Fee Guaranteed.

 

    • Full independent advice service.

19-21 Albion Place
Maidstone
ME14 5DY
Tel: 0800 612 5112
Email: info@yourtime.co.uk

All the money you release is 100% Tax Free

Think how you could spend it – turn you dreams into a reality

Don’t forget the downsides – get all the facts you need

You want a better lifestyle

Make home improvements

Can you downsize in the future?

What Early Repayment Charges could apply?

Clear your mortgage or debts

Go on a family holiday

How quickly will the loan increase?

Your State Benefits may be affected

Being independent brokers, we deal with all the providers in the Equity Release market.