Equity release solicitors

Free up equity from your property without having to move from the home you love, with help from our equity release solicitors. At My Home Move Conveyancing, we are working with Gilroy Steel Solicitors to guide you through your equity release journey.

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A senior woman with a dog and coffee sitting outdoors on her garden terrace in summer

What is equity release?

Equity release is a great way of freeing up cash (equity) from your home, without having to sell or move, through a range of products created for those who are aged 55 and over.

Equity release unlocks the value of your property, providing you with either a tax-free cash lump sum, or as a regular income stream. While different plans have varying structures, repayment typically occurs upon the homeowner's passing or transition to long-term care.

We are working with Gilroy Steel Solicitors, who will help you choose the best equity release option for your circumstances, and guide you through the equity release journey.

Types of equity release

There are two main types of equity release products you can choose from, which will inform your quote:

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  • Lifetime mortgages

    These are the most common option, and work similarly to a standard mortgage.

  • Home reversion plan

    This allows you to sell part, or all of your home to a reversion company in return for a lump sum or regular payments.

Equity release eligibility

To be eligible for equity release and an equity release quote, you should:

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  • Be over the age of 55 for a lifetime mortgage, or over 60 for a home revision plan.

  • Own a property in the UK, with your main residence valued over £70,000.

  • Have little to no mortgage left. If you do still have a mortgage or other loan secured against your home, you may still be able to equity release. Your eligibility will depend on the value of your home and the amount you owe.

Get an equity release quote

To get your equity release conveyancing quote today, contact our Move Specialist team

Call us

If you would like a quote for your Equity release plan call our Move Specialists on:

0333 234 4425
  • Monday to Friday

    9am - 5pm

Email us

If you would like to email our Move Specialist Team to discuss an Equity release plan please write to the following email address:

quotations@myhomemoveconveyancing.co.uk
  • Monday to Friday

    9am - 5pm

Gilroy Steel Solicitors: our trusted equity release partner

Clients are at the forefront of everything UK-based firm Gilroy Steel Solicitors does. They take great satisfaction in providing all clients with an approachable, professional, and efficient service while assisting them through their equity release journey.

Gilroy Steel Solicitors pride themselves on conducting at-home visits, at a time that suits you, including evenings and weekends. During these visits, you will have the opportunity to discuss the right equity release option for you, and answer any questions you might have.

Gilroy Steel Solicitors are regulated by the Solicitors Regulation Authority, the Law Society, and are Payment Card Data Security Standards (PCI DSS) compliant.

Equity release advice hub

For more information about equity release, how long the process takes, and how it differs from a standard remortgage, visit our equity release advice hub

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Equity release FAQs

Below, we cover some top-level equity release questions you may have before applying for an equity release quote from our solicitors.

  • Equity release is a financial product that allows homeowners aged 55 and over to access money (known as equity) that is tied up in their home without having to sell or move out.

    There are two main types of equity release in the UK, and each work slightly differently:

    • Lifetime Mortgage: You borrow money through a loan, which is secured against your home. You continue to own your home, and the loan, plus interest, is repaid when you die or move into long-term care.

    • Home Reversion Plan: You sell part or all of your home to a reversion provider in exchange for a lump sum or regular income payments. You usually stay in the property rent-free for life, but you’ll receive less than the full market value for the share you sell to the reversion provider. When the property is eventually sold, the provider takes their share of the proceeds.

    With either option, the first step is to speak to a qualified equity release adviser. Independent financial advice is required by law before proceeding, and your adviser will help assess your needs, explain the pros and cons, and guide you to the most suitable product. Find out more about how equity release works.

Why choose My Home Move Conveyancing for equity release?

  • Working with your needs

    We work with expert equity release solicitors Gilroy Steel who provide a full in-the-home service at a time to suit you - including weekends and evenings.

  • Fully licensed and qualified

    Fully licensed and compliant

    Gilroy Steel Solicitors are, regulated by the Solicitors Regulation Authority, the Law Society, and are Payment Card Data Security Standards (PCI DSS) compliant.

  • Expert guidance

    You’ll have a dedicated Move Specialist to provide your personalised equity release quote and guide you every step of the way, plus access to Gilroy Steel's expert team for advice on the equity release process and your equity release plan.