Equity Release Solicitors
Turn the value of your home into a cash lump sum
Unlock the equity in your home to receive a cash lump sum, providing you with immediate financial flexibility.

Equity release FAQs
What does the term equity release mean?
Equity release is the term used to describe a range of products that allow you to access the equity that is tied up in your home. By using an equity release product, you can release equity in your property either as a lump sum or via several smaller instalments (or a combination of both).
Is there an age limit for equity release products?
Equity release products are usually only available to over 55’s.
What is a lifetime mortgage?
Lifetime mortgages are the most commonly used equity release product. A lifetime mortgage is usually secured against your main residence and you will remain the owner of the property. The mortgage will secure the release of equity which you can receive as a lump sum or via several instalments. You will not be required to repay the mortgage, and instead, the loan amount is paid back when you die or move into long-term care.
Is interest payable on a lifetime mortgage?
As with any loan, interest is payable on a lifetime mortgage. Given that most lifetime mortgages do not require you to make any repayments this has the effect of ‘rolling up’ the interest. This means that interest will accrue on the loan throughout its entire duration and the interest will need to be paid off when the loan becomes due for repayment. If the loan continues for a long period, the accrued interest could be a very considerable sum.
Are there advantages to taking the money out in smaller amounts?
The potential advantage of taking the money out in smaller amounts is that interest will only accrue on the amount you have withdrawn. Depending on the terms of your product this may mean that less interest is due for payment when the loan is redeemed.
Will a lifetime mortgage prevent me from leaving part of my property to my children?
Some lifetime mortgages allow you to ring fence part of the equity in your property so that you pass it on by way of an inheritance.
What percentage of the equity in my property can I release?
In the normal course the maximum percentage of the equity that you release is 60%. Each application will be judged on its own terms and factors such as your age, health and the value of your property will determine how much equity you are able to release.
Do I have the right to remain in my property?
You will have the right to remain in your property for life, or until you move into long term care. It is normally also a requirement that the property remains as your primary place of residence. All equity release products are governed by strict terms and conditions and you will be required to adhere to the terms at all times.
Will I be able to move to a different property?
You have the right to move to a new property subject to the new property being acceptable to your product provider as continuing security for your equity release loan.
Will I be required to pay arrangement fees to the equity loan provider?
Nearly all equity release products come with arrangement fees that are payable to the product provider. Fees of £1,500 to £3,000 are commonplace.
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See what our customers say…
We recently instructed Sylvia Garcia of Eric Robinson
We recently instructed Sylvia Garcia of Eric Robinsons in the sale of our property. Sylvia was fantastic from start to finish. She was helpful, polite and very efficient. Her services were above and beyond. We definitely recommend Sylvia for your coveyancing matters and will certainly instruct her again in the future.
Leigh Burwood was excellent.
Leigh Burwood was excellent. She did everything she said she would within the time frame. She was calm and reassuring at a very difficult time. I would definitely recommend her.
It was a very nice experience with Eric…
It was a very nice experience with Eric Robinson. Thank you
excellent service
Victoria kept us updated throughout the whole process of providing a POW , she is an excellent communicator.
Thank you Sajith Pillai from Eric…
Thank you Sajith Pillai from Eric Robinson’s solicitor for his exceptional legal service through out the journey of my purchase. This is the second time with Sajith Pillai as my solicitor. He is friendly supportive and very efficient member of your team. Sajith was very professional and well coordinated in every stage of my home purchase .Once again thank you Sajith Pillai and your team . Wishing you all success. Regards Jini Varghese
Sylvia Garcia was lovely and always…
Sylvia Garcia was lovely and always available to help with a tricky conveyancing issue.
We recently instructed Sylvia Garcia of Eric Robinson
We recently instructed Sylvia Garcia of Eric Robinsons in the sale of our property. Sylvia was fantastic from start to finish. She was helpful, polite and very efficient. Her services were above and beyond. We definitely recommend Sylvia for your coveyancing matters and will certainly instruct her again in the future.
Leigh Burwood was excellent.
Leigh Burwood was excellent. She did everything she said she would within the time frame. She was calm and reassuring at a very difficult time. I would definitely recommend her.
It was a very nice experience with Eric…
It was a very nice experience with Eric Robinson. Thank you
excellent service
Victoria kept us updated throughout the whole process of providing a POW , she is an excellent communicator.
Thank you Sajith Pillai from Eric…
Thank you Sajith Pillai from Eric Robinson’s solicitor for his exceptional legal service through out the journey of my purchase. This is the second time with Sajith Pillai as my solicitor. He is friendly supportive and very efficient member of your team. Sajith was very professional and well coordinated in every stage of my home purchase .Once again thank you Sajith Pillai and your team . Wishing you all success. Regards Jini Varghese
Sylvia Garcia was lovely and always…
Sylvia Garcia was lovely and always available to help with a tricky conveyancing issue.
Key contacts

Hannah Jones
Conveyancing Executive

Chui Wah Choudhary
Senior Solicitor

Sajith Pillai
Senior Solicitor

Ben Smith
Senior Associate Solicitor

Afshana Ullah
Solicitor

Michelle Parker
Associate Executive

Michala Ward
Conveyancing Executive

Emma Gillespie
Solicitor

Chelsea Marsh
Trainee Solicitor

Miya Smith
Solicitor

Sarah Hogarty
Solicitor

Rume John
Solicitor
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