If you are looking to convert part of your home’s value into readily available cash, an equity release plan can be a good option: as long as you get the right legal advice.
An equity release scheme allows you to enjoy some of the cash that would be generated by selling your home, without actually selling it. There are many reasons why people choose to release the equity from their homes:
• To pay for a large expense
• To generate capital to purchase other assets
• To boost retirement funds
• To carry out home improvements
Equity release is an effective way to generate money from your assets. However, given the various legal complexities, it is essential that you seek legal advice from a professional solicitor.
Our experienced solicitors in South Wales will help you consider some of the things that you might otherwise overlook. For instance, we can ensure that equity release allows you to reduce the amount of inheritance tax that your beneficiaries have to pay, and make sure that any means-tested benefits you receive remain unaffected.
Get in touch with the team today by clicking here.
Harding Evans is a trading name of Harding Evans LLP, a limited liability partnership, registered in England & Wales (registered number: OC311802), authorised and regulated by the Solicitors Regulation Authority (SRA number: 419663).