Application Process – Paxton l Equity Release Mortgage

The Equity Release application process

Paxtons will guide you through the whole application process, which typically takes around six weeks. The process comprises:

1: ADVICE AND DISCUSSION

Following discussion with you and knowing your needs and financial facts confirmed on a factfind, Paxtons will research and discuss the best equity release options and choices available to you. We strongly recommend you discuss this with your family.

2: APPLICATION

When you’re happy with the equity release plan Paxtons recommend, we will submit your application form and your property will be valued.

3: THE OFFER

Once the valuation has been carried out and the amount you can borrow confirmed by the lender, Paxtons will send you their offer letter.

4: YOUR SOLICTORS

You will meet with your solicitors to discuss the legal aspects.

5: YOU RECEIVE YOUR MONEY

The legal documents needed to complete your plan will now be finalised, and the monies released will be paid to you, via your solicitor.