FAQs

Understanding Equity Release... 

How does the "Equity Release Programme" work? 

The programme is simple. You, the vendor receive three independent valuations from established and local Estate Agents. From the valuations, a median price will be agreed and the sale will proceed at that rate if both parties agree. 

Can I rent my Home back from LAW REAL ESTATE? 

Of course you can. If you wish to remain a tenant within your home, you are welcome to rent it back from the day you sell it, meaning there is no hassle packing or indeed expensive moving costs. The tenancy will be a traditional Landlord/Tenant agreement with a 12 month minimum contract charged at the market rate, using the same mechanism as valuing your home. 

Are there any discounts on the rent with this scheme?

Yes, for Tenants wishing to pay their rent up front (up to 12 months), a 10% discount will apply. 

What do I do about my house insurance? 

Once you sell your home, you no longer need to worry about Buildings insurance, as this is covered by LAW REAL ESTATE. However, we do strongly advise that maintain your contents insurance to cover your own personal possessions. 

What about Council Tax, Utility Bills and TV Licences?

As the tenant of the property, you will need to continue to cover all of your household and utility bills where applicable. If you are remaining in your home, this is one less thing to worry about and another benefit of the Equity Release Programme. 

Do I need to be over 55 to release equity? 

No, with LAW REAL ESTATE, there is no age limit, as long as you are the legal owner(s) of the property you can sell your equity and rent back the home that you have built and love. 

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