A Step-by-Step Guide to Equity Release
Dom Beer and Chris Beer
At Beerstone Financial Services, our Devon based equity release advisors will be with you every step of the way in helping to release equity from your property. We will be there to create a seamless process from start to finish helping you achieve your financial goals.
Step 1
Starting the process with a professional
To start the process, simply get in touch with our team at Beerstone who will be able to answer your preliminary questions and schedule you for an appointment.
Step 2
Discussing the options with Family
Discuss the idea of equity release with your family. You are more than welcome to bring some family members along to your appointments to get their thoughts during the process.
Step 3
Understanding your goals
One of our equity release advisors will work with you to establish your financial situation, understand your goals and explain the options available to you.
Step 4
Making the right disission
After our discussions together, you will need to decide if equity release suits your needs. If you are happy to go ahead, we will be able to search the whole market for the best plan for you.
Step 5
Walking you through our recommendations
Once your advisor has searched the market, we will arrange for a second appointment where our equity release advisor will walk you through their recommendations.
Step 6
Filling out the paperwork
We will work alongside you to help fill out the necessary paperwork for your chosen plan provider. At this stage, you will also need an independent surveyor to carry out a property valuation.
Step 7
Terms and conditions from provider
Once the application has been made, the plan provider will provide an offer alongside terms and conditions.
Step 8
Finding an independent solicitor for you
Our equity release advisors for Devon can help find you recommended independent solicitors who will be able to focus on the various legal aspects.
Step 9
Application process
The process generally will take between 8 to 12 weeks. This is from the initial application to completion.
Step 10
Recieving your funds
Your equity has now been freed up for you to spend in whichever way you want!
If you have any questions or would like further help finding these documents, please contact our team today.
Our Expertise
YOUR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY OTHER DEBT SECURED ON IT.
This is a lifetime mortgage. To understand the features and risks, please ask for a personalised illustration. Check that this mortgage will meet your needs if you want to move or sell your home or you want your family to inherit it. If you are in any doubt, seek independent advice.
About Beerstone
Beerstone Financial Services was established in 1996 by Chris Beer, our Founding Director, who still plays a key role in the company and ensures we maintain the best service.
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Beerstone Financial Services was established in 1996 by Chris Beer, our Director, who still oversees the company and ensures we maintain the best service.
In total we have over 30 years of experience in financial services working in a range of environments so you can be sure that your situation is in experienced hands.
Speak to our team
Visit our offices: 2 Southernhay West, Exeter, EX1 1JG
Beerstone Financial Services Ltd (542704) is an Appointed Representative of BrokerSync Ltd, which is authorised and regulated by the Financial Conduct Authority (1031981).
There may be a fee for Mortgage Advice. The precise amount will depend upon your circumstances and will be agreed upon following your initial meeting.
Investments, Pensions, Wills, Trusts, PMI and Estate Planning will be referred to our authorised third-party providers. Beerstone Financial Services Ltd and BrokerSync Ltd are not responsible for any advice received from the third-party providers.
Investments, Pensions, Wills, Trusts, PMI and Estate Planning will be referred to our authorised third-party providers. ABC Ltd and BrokerSync Ltd are not responsible for any advice received from the third-party providers.
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.
Conveyancing, Wills, and some forms of Buy-to-let Mortgages and Commercial Mortgages are not regulated by the Financial Conduct Authority.
Think carefully before securing other debts against your home. Your home may be repossessed if you do not keep up repayments on a mortgage or other debt secured against it.'