making equity release safe for you

Transcription

1 making equity release safe for you 05 Dec 2017 Thank you for visiting the Equity Release Council website; the list of Council members produced by your Find a Member search is shown on the following pages. Equity Release customers enjoy three levels of protection, encompassing a structured financial advice process, face-to-face legal advice and product safeguards set out in the Equity Release Council Rules and Guidance. All our members have agreed to abide by these Council rules and have signed up to the Statement of Principles which outline Council members will: Ensure that all their actions promote public confidence in equity release as a potential retirement solution Act at all times in utmost good faith Communicate high expectations for equity release outcomes in all their dealings Ensure conflicts of interest are managed fairly and reduced to the lowest practical level Exercise due skill, care and diligence in all that they do and uphold the standards set out by their professional bodies at all times Always act with the best interests of their clients being paramount, treating customers fairly in all their actions If you are considering taking out an equity release plan, you should firstly speak to a financial adviser who is qualified and knowledgeable in equity release. This is a key step that is central to the process of considering, evaluating and entering a contract in equity release. There are two main advice options available to you, face to face and telephone advice, both aimed at protecting the interests of the customer leading to the most appropriate and correct solution for each individual enquiry. If via your discussions with your financial adviser, you go on to choose an equity release plan from a Lender (also known as a Provider) who are also members of the Council, you will have the right to use a legal adviser of your choice. Using a legal adviser who is also a member of the Council will also mean that your case is dealt with by someone who is familiar with modern equity release products and who will act in your interests to ensure you fully understand the risks and benefits of the plan you have chosen. The Equity Release Council puts in place these safeguards for consumers to ensure that you can have confidence in Equity Release Council members and their products and services. There is a vast array of products now available to suit many variable requirements you may have as a consumer. The Equity Release Council recognises this spread of product features but has a specific set of product standards it endorses and Provider members may only indicate that a product meets the Equity Release Council standards if that product meets all the product standards. If an equity release product is offered that does not meet all the product standards the product provider must state prominently in their literature in what areas the product does not meet the standards and must give an illustration of the types of benefits and the risks this may pose to a borrower. The standards include elements such as the right to remain in your own home for the rest of your lives or until you enter long-term care or pass away, and the no negative equity guarantee means that no matter what happens to the housing market, you will never owe more than the value of your home. Full details of Principles and Rules are available at If you need any further information us on info@equityreleasecouncil.com or call us on and we will be pleased to help you. (All calls are charged at local rate). Kind regards Donna Bathgate Chief Operating Officer

2 Solicitors 32 solicitors found. Company name MULLIS & PEAKE LLP A leading independent law firm based in providing expert equity release advice from its award winning residential property department. BROWNS SOLICITORS Small independent law firm dealing with a wide range of law and specialising in Equity Release. CAESAR & HOWIE LLP Acting for clients all across Scotland in many aspects of legal and estate agency work, especially equity release Address 194 Hutton Road, Shenfield, CM15 8NR, Tel: Church House, 46 High Street, Billericay, CM12 9NS 29 George Street, Bathgate, EH48 1PG, Tel: COLES MILLER SOLICITORS LLP Coles Millers Solicitors LLP operates from offices across Poole, Bournemouth & Broadstone. EAST DEVON LAW Trading standards approved specialised niche law firm providing clear professional friendly advice on all issues surrounding Equity Release. ASHFORDS LLP A full service law firm with a highly experienced and friendly equity release department with over 15 years experience EQUILAW LTD Unique, niche law firm specialising in providing legal advice to homeowners who are considering releasing equity from their home. RUSSEL+AITKEN LLP We are a firm of Scottish solicitors and Estate Agents with offices in Edinburgh and across central Scotland, in Falkirk and Denny. APEX LAW I am a lawyer who specialises in Equity Release, I meet clients & advise them after they have initially been advised by a specialist broker. 6 Arrowsmith Court, 10 Station Approach, Broadstone, Dorset, BH18 8AX, Tel: Barton Chambers, 7 Barton Orchard, Sidmouth, Devon, EX11 1AF Ashford House, Grenadier Road, Exeter, EX1 3LH, Tel: Montpellier Court, Gloucester Business Park, Gloucester, GL3 4AH, Tel: Rutland Square, Edinburgh, Scotland, EH1 2BU, Tel: The Pantiles, Bexleyheath, Kent, DA7 5HH JULIE WEST SOLICITOR Small independent law firm specialising in property matters,wills, trusts and lifetime planning, including equity release. 4 The Axis Centre, Cleeve Road, Leatherhead, Surrey, KT22 7RD, Tel:

3 MARTIN KAYE SOLICITORS Simon is a Partner at Martin Kaye Solicitors and co founder of Equishield, the national equity release legal advice specialists. CAVENDISH LEGAL GROUP A leading team of solicitors, providing practical advice to businesses and individuals from our offices across London and the South East. REYNOLDS PARRY JONES LLP Full service, seven partner law firm operating from High Wycombe, providing equity release advice to private clients since the early 1980 s SYMONS, GAY & LELAND LLP We offer a personal friendly service from experienced lawyers, call to discuss your requirements. We will be with you each step of the way. The Foundry, Euston Way, Telford, Shropshire, TF3 4LY, Tel: Hoe Street, Walthamstow, London, Greater London, E17 4QH 10 Easton Street, High Wycombe, Bucks, HP11 1NP, Tel: A South Street, Romford, RM1 1PA BOYD LEGAL LIMITED Scottish solicitors registered Law Society of Scotland. Head office Edinburgh, Branches, Inverness, Aberdeen, Kirkcaldy and Glasgow 21/22 Queensferry Street, Edinburgh, EH2 4RD ESW LEGAL LIMITED Efficient personal & impartial advice from experienced solicitors who are able to adviser in all aspects of Equity Release and property law. FREETH CARTWRIGHT SOLICITORS We are providing legal service for the real world. Our vision is to take a practical, allround view. SMITH AND TETLEY SOLICITORS Long established firm of solicitors providing independent legal advice, including Equity Release in Greater Manchester and Cheshire. 172 High Street, Rayleigh, Essex, SS6 7BS, Tel: nd Floor, West Point, Cardinal Square, Derby, DE1 3QT, Tel: Booth Street, Ashton-Under-Lyne, Greater Manchester, OL6 7LF EVERSHEDS SUTHERLAND Advising equity release providers on funding, regulatory product set up and conveyancing matters around the equity release market. 1 Callaghan Square, Cardiff, CF10 5BT, Tel: GORDON BROWN LAW FIRM LLP Experts in equity release, we have a 30 year proven track record in delivering first class conveyancing services to customers and providers. ENACT Full range of legal services for all your home moving and re-mortgaging needs with free access to our online tracking system, 24/7 Mains House, 143 Front Street, Chester Le Street, DH3 3AU, Tel: David House, PO Box HK3, David Street, Leeds, LS11 5QJ, Tel:

4 ROGER BROOKER & CO Partnership established for over 40 years in Chelmsford, specialising in a range of areas of law including equity release. BROWNS SOLICITORS Small independent law firm dealing with a wide range of law and specialising in Equity Release BIRCHALL BLACKBURN LLP Established firm of solicitors providing equity release legal services in the Lancashire, Merseyside and Greater Manchester area New London Road, Chelmsford, CM2 0PE, Tel: Church House, 46 High Street, Billericay, Essex, CM12 9BS, Tel: Kennedey Street, Manchester, M2 4BY, Tel: OPTIMA LEGAL A specialist property law firm providing a full range of property services including separate representation for Equity Release lenders. Hepworth House, Claypit Lane, Leeds, LS2 8AE TREASURES SOLICITORS LLP Offering unbiased advice to home owners, and their families, considering equity release. 17 St John's Lane, Gloucester, GL1 2AZ, Tel: HOPKINS LAW LIMITED We are Private Client Solicitors providing independent legal advice on our Borrower clients. We act for clients in both England and Wales. GILES WILSON LLP Giles Wilson is a local leading law firm, with a strong private client department and member of Solicitors for Elderly and CQS accredited. ST SOLICITORS Solicitors specialising in all aspects of property transactions. ESW LEGAL LIMITED Efficient Personal and impartial advice from experienced solicitors who are able to advise in all aspects of Equity Release & property law. PCS LEGAL PCS Legal strive to ensure that all clients receive an excellent one to one service throughout their equity release transaction. BPL SOLICITORS LIMITED Specialist solicitor providing face to face Equity Release legal advice. 20 Windsor Place, Cardiff, South Wales, CF10 3BY, Tel: London Road, Leigh on Sea, SS9 2SW, Tel: Herald's Way, South Woodham Ferrers, CM3 5TQ, Tel: , High Street, Rayleigh, SS6 7BS Suites Central House, High Street, Ongar, CM5 9AA Mey House, Bridport Road, Poundbury, Dorchester, DT1 3QY Copyright All Rights Reserved SHIP 2017

5 Equity Release Council is a company limited by guarantee and registered in England no