01604 343 343 hello@WeAreClarity.co.uk

MILTON KEYNES

Equity Release Conveyancing

Release equity from your house in Milton Keynes and enjoy your retirement more comfortably with Clarity Legal Services. We are a specialist conveyancing firm in Northampton, experienced in guiding homeowners through the process of equity release.

What is Equity Release?

Equity release is a financial product designed for homeowners aged 55 or over that allows you to access the value you’ve built up in your property – the equity – without having to move out. This equity can be released as a tax-free lump sum or as smaller instalments spread over time, giving you a regular income stream.

 

Here’s a closer look at the two main types of equity release:

Lifetime Mortgages

This is the most common type of equity release. With a lifetime mortgage, you take out a loan secured against your property. You don’t typically have to make monthly repayments on the loan itself, but the interest rolls up over time and is added to the loan amount. The loan is then repaid, along with the accrued interest, when you die or move into long-term care, and your property is sold.

Home Reversion Plans

Under a home reversion plan, you sell part or all of your home ownership to a specialist provider in exchange for a lump sum or regular income payments. You retain the right to live in your property for the rest of your life, but when you die or move into long-term care, the provider will sell the property and recoup their investment plus any agreed-upon profit share.

How Can Equity Release Help You?

Equity release can be a valuable tool for improving your financial security and well-being in retirement. Here are some ways it can be used:

Boost Retirement Income

A lump sum or regular payments from equity release can help you maintain a comfortable lifestyle in retirement, even if your pension income is limited.

Pay Off Existing Debts

Consolidate or eliminate outstanding debts, such as mortgages or credit cards, with a lump sum from equity release. This can free up your monthly budget and reduce stress.

Help Family Members

Provide financial assistance to children or grandchildren for things like education, weddings, or a down payment on a house.

Make Home Improvements

Make essential repairs, renovations, or accessibility modifications to your property to ensure you can live comfortably and safely for longer.

Get a
Free Consultation
Today

Considering equity release conveyancing in Milton Keynes? We offer a no-obligation consultation to discuss your options and answer any questions you may have. Contact Clarity Legal Services today on 01908 039 666 or fill out our online enquiry form.

We look forward to helping you unlock the potential of your home!

Why Choose Clarity for Equity Release Conveyancing Milton Keynes?

Local Milton Keynes Expertise

Our team understands the Milton Keynes property market and can provide tailored advice specific to your situation.

Experienced and Qualified

Our team has extensive knowledge of equity release conveyancing, ensuring a smooth and efficient process.

Clear Communication

We’ll keep you informed every step of the way, with jargon-free explanations and readily available support.

Competitive Fees

We offer transparent and competitive fees for our equity release conveyancing services.

Peace of Mind

We work closely with reputable equity release providers to ensure you get the best possible deal.

Benefits of Using a Solicitor for Equity Release

Equity release can be a complex financial decision. Having a qualified solicitor like Clarity Legal on your side provides:

Protection

We ensure you understand the terms and conditions of the equity release plan before you proceed.

Independent advice

We act solely in your best interests, not those of the lender.

Smooth transaction

We handle all the legal paperwork, liaising with the lender and ensuring a stress-free process.

Get a
Free Consultation
Today

Considering equity release conveyancing in Milton Keynes? We offer a no-obligation consultation to discuss your options and answer any questions you may have. Contact Clarity Legal Services today on 01908 039 666 or fill out our online enquiry form.

We look forward to helping you unlock the potential of your home!

Contact Form.

Once we receive your message we’ll respond as soon as possible.