Discussing UK law. Links: swarb.co.uk | law-index | Acts | Members Image galleries

Equity Release Scheme

Land, Registered Land, Planning law etc.

Equity Release Scheme

Postby diy » Tue Sep 12, 2017 10:06 am

My inlaws are considering equity release on their house. The house isn't in a high growth area or worth a fortune, but nevertheless the release scheme is poor value. I'd like to look in to offering them a better deal that does not cause a problem with the other siblings. Is this solicitor territory or accountant territory? I'm assuming I'm not the first person to want to do a family based equity release.
My suggestions are not legal advice
User avatar
diy
 
Posts: 2528
Joined: Fri Nov 02, 2012 10:06 pm

Re: Equity Release Scheme

Postby atticus » Tue Sep 12, 2017 10:33 am

Solicitor!
User avatar
atticus
 
Posts: 19430
Joined: Sun Nov 11, 2012 2:27 pm
Location: E&W

Re: Equity Release Scheme

Postby diy » Tue Sep 12, 2017 10:37 am

thank u
My suggestions are not legal advice
User avatar
diy
 
Posts: 2528
Joined: Fri Nov 02, 2012 10:06 pm

Re: Equity Release Scheme

Postby dls » Tue Sep 12, 2017 1:07 pm

These equity release schemes have, in the past, been very little more than a con. The difficulty now is that translating any asset into cash is very unlikely to produce anything of value, unless it is for spending.

Yes solicitors are required. They will need indepndent advice.
David Swarbrick (Admin) dswarb@gmail.com - 0795 457 9992
User avatar
dls
Site Admin
 
Posts: 12085
Joined: Thu Nov 01, 2012 1:35 pm
Location: Brighouse, West Yorkshire

Re: Equity Release Scheme

Postby atticus » Tue Sep 12, 2017 1:32 pm

They being your in laws, not the solicitors!
User avatar
atticus
 
Posts: 19430
Joined: Sun Nov 11, 2012 2:27 pm
Location: E&W

Re: Equity Release Scheme

Postby diy » Tue Sep 12, 2017 2:25 pm

yeah I got that ;) thanks
My suggestions are not legal advice
User avatar
diy
 
Posts: 2528
Joined: Fri Nov 02, 2012 10:06 pm


Return to Land Law

Who is online

Users browsing this forum: No registered users and 1 guest