In today's episode Peter Barton, Equity Release Partner at Ashfords LLP, joins us to discuss equity release, LPA's, and answer frequently asked questions about equity release and the legal process.
- What is equity release?
- For many equity release has a bad reputation. Is that fair? What has been done in the past decade to improve regulation in this area and improve the reputation of equity release?
- What are the most common reasons for seeking equity release?
- What is the age barrier to equity release?
- What criteria do you need to apply when assessing whether a solicitor should represent a client for equity release, e.g. when would it not be suitable to proceed?
- What is the process for equity release in respect of the legal work? What are the key milestones from start to finish?
- Do you see many situations where cases do not complete after starting the process of equity release with a solicitor? If so what are the most common reasons for failure and is there anything that can be done to mitigate against these factors?
- How long does the equity release process take?
- What is the situation regarding a homeowner who has a Lasting Power of Attorney in place? Can equity release still be an option with a Lasting Power of Attorney?
- How do home visits compare to zoom/video meetings with clients?
- Do you think we will see an increase in equity release instructions 2022 and beyond?
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The content of the show is for information purposes only and does not constitute advice.
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