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.
Authorised and regulated by the Financial Conduct Authority | Paxton UK Ltd, company no 4468880, FCA no 300341
Think carefully about this information before deciding whether you want to go ahead.
If you are at all unsure about which lifetime mortgage is right for you, you should ask your adviser to make a recommendation.