Financial Advice

Equity Release

Unlock the value of your home
Enjoy financial freedom in retirement with HK Law’s trusted equity release service.

Why seek legal advice

Our experienced solicitors will guide you through the process, ensuring you understand the implications and find the most suitable solution for your needs.

If you’re considering equity release, it’s important to seek legal advice.

  • Expert guidance
  • Protection of your interests
  • Tailored solutions
  • Comprehensive understanding
  • Peace of mind
  • Maximisation of benefits
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Equity release HK Law

Why choose HK Law?

When it comes to equity release, HK Law is your trusted legal team.  Our experienced equity release solicitors have a deep understanding of the complexities involved in equity release and will guide you through the process with expertise.

Here’s why we are the best choice:

  • Experienced equity release solicitors
  • Accredited and respected firm
  • In-depth knowledge of equity release regulations
  • Client-focused approach
  • Membership in professional associations
  • Proven track record of success
Rebecca Keeshan HK Law

Your questions answered

Rebecca Keeshan, Partner
  • What is equity release and how does it work?
    Equity release allows you to unlock the value of your home while continuing to live in it. There are different types of schemes, such as home reversion plans and lifetime mortgages, which provide you with access to cash while considering the repayment terms.
  • What are the implications for my home?
    Equity release schemes may place certain restrictions on what you can do with your home. For instance, moving to another property may have limitations, and it's essential to ensure the new property meets the equity release provider's criteria for security. Our solicitors will guide you through these implications and help you make informed decisions.
  • Are there financial implications with equity release?
    While the money you receive from an equity release plan is tax-free, there may be tax implications depending on how you choose to invest the released funds. Additionally, the value of your estate and means-tested state benefits eligibility may be affected. We will provide guidance on these financial considerations.
  • Who can help me with equity release?
    To navigate the complexities of equity release, it's advisable to consult an independent financial adviser who specializes in this area. They can assess your circumstances and recommend suitable products. Additionally, our solicitors will ensure you understand the legal consequences and handle the necessary documentation.
  • How can I protect my loved ones' inheritance?
    When considering equity release, it's crucial to review your will and make any necessary adjustments to reflect the reduced amount that may be passed on. Our solicitors can guide you through this process and ensure your wishes are accurately reflected in your estate planning.
  • Are there any other legal considerations?
    Taking out an equity release may require adjustments in legal matters, such as changing the terms of your will or creating a lasting power of attorney. Our solicitors will provide comprehensive advice and support on all legal aspects related to equity release.
  • Can I repay the equity release loan before I pass away or move into a care home?
    Yes, it is possible to repay the equity release loan before the specified events occur. Some providers allow you to make voluntary payments towards the loan while you are still alive, reducing the amount that needs to be repaid later. Our solicitors can guide you on the options available and help you understand the implications of early repayment.
  • Will I be able to stay in my home for the rest of my life?
    Yes, both home reversion plans and lifetime mortgages allow you to continue living in your home for the rest of your life. With a home reversion plan, you retain the right to live in the property rent-free. With a lifetime mortgage, you maintain ownership and occupancy rights. Our solicitors will explain the specific terms and conditions of each scheme and ensure you have a clear understanding of your rights and obligations.

By Darren Francis, Associate Solicitor

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Our Equity Release team

Associate FCILEX

Managing Partner

Chartered Legal Executive

Private Client Executive

Partner

Consultant

Conveyancing Executive