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If you own your home, equity release may be possible.

Equity release advice in Edinburgh & Glasgow

The value of your home minus any outstanding mortgage, described as your 'equity', can be released with a lifetime mortgage, which releases a lump sum from the value of your property.

The amount released plus any interest accrued is then repaid with the sale of your estate when you pass away or move into long-term care.

Alternatively, a home reversion plan would see you surrender some or all of the ownership of your property in exchange for a lump sum and the right to remain living in the house, rent free until it is sold on death.

scott-rasmusen
Scott Rasmusen
Partner, Head of Property Law
If you need legal advice on a residential property, commercial property or business law matter, please don't hesitate to get in touch with me.
scott.rasmusen@gibsonkerr.co.uk
Edinburgh: 0131 208 2260
Glasgow: 0141 628 0656
or Request a callback