The Essential Elements

Proceeding with an equity release plan can be a daunting prospect for many clients and they need reassurance they are doing the right thing. Solicitors act as a safety net by outlining the legal obligations which attach to the product and ensuring the clients fully understand before making a commitment to a plan. However, before the equity release offer gets to a lawyer, it is imperative the client has a good grasp of what the product is, how it works and what the long-term effect will be. The Equity Release Solicitors Alliance (ERSA) canvassed its members to establish what factors, in th...