Equity release is a popular option for the over 55s to release equity from their home. There are various reasons people may wish to unlock cash by taking out an equity release such as:  Equity release is a financial product where a property owner can keep the use of a property which has capital value (i.e. there’s equity in it), whilst obtaining a lump sum or a steady stream of income from a lender. The property is used as security, with the loan to be repaid on death of the borrower for example. Independent legal advice is a requirement of the equity release process, and our role as lawyers is to ensure that you understand the long-term nature of an equity release contract and proceed with full knowledge of the risks and rewards, as well as the legal obligations of the … Continue reading →