The Equity Release Council exist to promote both High Standards of conduct and practice in the provision of Advice and Product on Equity Release. One of those requirements is that clients who are looking to enter into an Equity Release Mortgage should be provided Independent Legal Advice.

Independent Legal Advice

You may choose your own solicitor to carry out the legal work in connection with your plan. Before the plan is completed, your solicitor will be provided with full details of the plan, including the rights and obligations of both parties (you and your Equity Release Provider) under the contract, should you choose to go ahead.

Both you and your solicitor will be required to sign a certificate confirming that these rights and obligations have been explained to you and that you wish to enter into the plan.

Information about and explanation of your Equity Release Plan

You will be provided with a fair, simple and complete presentation and explanation of your Equity Release plan. The benefits and limitations of the plan will be clearly set out, together with your obligations under the terms of the contract. You will be given information about:

  • All the costs that you will have to bear in setting up the plan;
  • Tax implications;
  • What will happen if you wish to move to another property; and
  • How changes in house values may affect your plan.

Need Help Finding a Solicitor?

Your chosen Solicitors should have a working knowledge of the Equity Release market, so please ensure that you ask if they can help specifically with this - not all Solicitors will be able to help.

If you would like us to recommend a suitable Solicitor firm, either in the local Essex area or from across the UK, we would be delighted to introduce you. Please ask for details and we can arrange for a quote and details of our recommended partners.

If referred to a Partner Solicitor firm, we may receive a fee, and if so this will be disclosed to you

Why Essex Home Finance?

Essex Home Finance are Mortgage Brokers with access to a significant number of Mortgage Providers and Equity Release Lenders.

Free initial Appointment
One Low Fee payable on Offer
Exclusive Mortgage Schemes
No Obligation

Get In Touch

Speak to Essex Home Finance about your Equity Release, or general Mortgage needs - just complete our mini form below :

By pressing Submit you allow Essex Home Finance Ltd to contact to you discuss your requirements.

Essex Home Finance Ltd is an Appointed Representative of Mortgage Intelligence Ltd which is authorised and regulated by the Financial Conduct Authority under number 305330 in respect of mortgage, insurance and consumer credit mediation activities only.

Registered address: 1 High Street, Chelmsford, Essex, CM1 1BE. Registered in England & Wales under number 10607263.

Your home may be repossessed if you do not keep up repayments on your mortgage

There will be a fee for all Equity Release Mortgage cases. Typically our fee will be £695, payable on Offer. We will agree any fees with you before we proceed with your case.

We always aim to provide a high quality service to our customers. However, if you encounter any problems and we are unable to resolve them you can take your complaint to an independent Ombudsman.

Our advice is covered under the Financial Ombudsman Service. You may be able to submit a claim through the EU Online Dispute Resolution Platform If you live outside the United Kingdom or if you prefer not to deal directly with the Financial Ombudsman Service.

Essex Home Finance Ltd
1 High Street

Email :

Tel : 01245 398466
Mob : 07795 081972

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