How Does Equity Release Operates?

Choose Paxtons, Your Trusted Equity Release Partner with Two Decades of Expertise. Unlock the Value in Your Home with a Lifetime Mortgage and Receive Customized Financial Guidance. Streamline Your Investment Journey for a Secure Future

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Equity release application process

When you're prepared to move forward with equity release, here's what you can anticipate as a valued customer: Our application process is carefully designed to provide you with all the essential information required to make an informed decision about your equity release plan. We are dedicated to supporting you throughout every phase of this journey, ensuring you have the guidance you need.

Consultation

Consultation

Your journey begins with a discussion with one of our seasoned financial advisors. They will carefully evaluate your individual circumstances and provide recommendations for the equity release products that best align with your requirements."
Property Valuation

Property Valuation

We will arrange for a professional surveyor to assess the current market value of your property. This valuation is essential in determining the equity you can release from your home."
Property Valuation

Property Valuation

We will arrange for a professional surveyor to assess the current market value of your property. This valuation is essential in determining the equity you can release from your home."
Legal Guidance

Legal Guidance

As part of the process, you will need to seek advice from an independent solicitor or conveyancer. They are here to assist you in comprehending the legal intricacies of your selected equity release plan and to safeguard your interests
Application Form

Application Form

We will supply you with an application form that requires your completion. This form will request crucial financial and personal information
Assessment

Assessment

Our dedicated team will thoroughly examine your application, taking into account the property valuation and legal guidance, to determine your eligibility and suitability for the equity release plan you've selected
Equity Release Proposal

Equity Release Proposal

If your application is approved, you will receive a formal proposal letter from us. This letter will detail all the terms of your equity release plan, encompassing the released amount, interest rates, and any relevant fees

How long does the equity release application process take?

In total, the entire equity release application process, from consultation to the release of funds, can take approximately 6 to 12 weeks or even longer, depending on the specific circumstances and the efficiency of the parties involved. It's important to be patient and thorough throughout the process and to seek assistance from your financial advisor or equity release provider if you have any questions or concerns about the timeline.

How would you use your Equity Release mortgage?

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