Is Equity Release Right for You?

Is Equity Release Right for You?

Deciding whether or not to release equity from your property can be a life-changing decision and one which shouldn’t be taken lightly.

Before you proceed with an equity release plan it is important to take time to talk to financial and legal experts as the implications can be far reaching. With professional guidance you can make informed decisions which are right for you and your circumstances.

Firstly, consult a financial expert who is qualified to offer advice and guidance on various equity release products. Your advisor will discuss the options with you and recommend an appropriate plan for your needs. As well as explaining the products to you, your advisor should also discuss interest rates and limitations that could impact on any future decision making.

In addition to financial advice, you will need legal assistance. At Kirwans we offer a specialist service that provides you with expert led advice and support. Our team take the time to understand your plans and objectives. With over 10 years experience in dealing with equity release, we help you to ensure that any implications of your plan are effectively and professionally managed.

Finally, discuss your plans with your family and loved ones. It is important to remember that releasing funds from your home could impact on inheritance. Involving your family from the outset can help in avoiding any misunderstanding and unexpected surprises further down the line.

Impact of Equity Release on Benefits

Some equity release plans may impact on any benefits that you receive when you enter a scheme and on benefits that you become entitled to in the future.

If you receive any means-tested benefits, they may be reduced or lost entirely. This will depend on your circumstances and the type of equity release scheme that you choose.

Your advisor should always discuss any implications with you and advise on what will happen to your benefits when you take out a equity release plan.

To find out more about our services, contact a member of our Private Client team today on 0800 525 035 or complete our online enquiry form.

Private Client Team Banner v1.0817

download our guides

Private Client Brochure

Making time to organise your affairs can be the last thing on your mind when you are enjoying the present, but having the right plans in place today can help you and your family in the future.

Download Here >
download our guides

Private Client - Guide To Making A Lasting Power of Attorney

Allocating a Lasting Power of Attorney (LPA) is vital to protect your future.

To find out more download our guide.

Download Here >
download our guides

Private Client - Guide On Choosing The Right Trust

There are many things to consider when preparing for your future but did you know that there are various legal arrangements available to help you put your plans in place today?

To find out more download our guide.

Download Here >

Do you need assistance with
Wills & Estates Law?

Simply complete the online enquiry form below and our Wills & Estates team will contact you.

Let Kirwans guide you on your legal journey.


What our clients say...

I would like to thank [Danielle Hughes] and the team at Kirwans for the Will writing service they recently provided to my wife and I. 

It was a task we have been avoiding for a while, but Kirwans made everything so easy for us. They made themselves available at a time to suit us, patiently advised us of our options and sent us a draft Will within 48 hours. We were then able to tweak the draft before returning to Kirwans, again at a time to suit us, to sign our Wills. For peace of mind, they even offered to store the original copies. 

The entire process was painless, comprehensive and completely professional. I would have no hesitation in using Kirwans in the future and given the opportunity, I would whole-heartedly recommend them. 

Chris Davies - Katalyst Creative