Rawlins Davy (est. 1835) Solicitors & Mediators for Business and Private Clients.

What is equity release

The equity in your property is the property value after deducting any borrowing. An equity release is simply taking a proportion of that value and turning it into cash that you can spend now. A number of different equity release products are available, and indeed come and go over time, but the most common are lifetime mortgages and home reversion plans. With a lifetime mortgage, you borrow against the value of your home, producing a lump sum to fund a significant expense, or to be invested to provide an income. In most cases the mortgage is paid back on your death, or if you move to residential care.

Under a home reversion plan you receive a cash payment in return for a proportion of your ownership rights, but with a lifetime right to remain in the property, paying a nominal rent. There is an element of risk in any equity release product, and your individual circumstances will influence which is the better option for you. It is essential that you receive advice from an independent financial adviser who can outline the different options available. When you have reached a decision as to how to proceed, we will be delighted to conduct the necessary legal work on your behalf. An estimate of our fees for doing so is set out below.

Our fees

Our fees cover all the work required to complete your equity release.

Equity Release £750 plus VAT Total £900
Electronic money transfer fee £30 plus VAT Total £36


Disbursements are costs related to your matter that are payable to third parties, such as search fees. We handle the payment of the disbursements on your behalf to ensure a smoother process.

Land registry fees for copy documents should not exceed £20

Grand total: £956.00

Our Team

The members of our team who undertake equity release work are Patricia Smith and Neil White.  Both Patricia and Neil are Directors of the company with many years post qualification experience.

How long will it take?

We would usually expect to complete our work within 2-4 weeks

What Our Clients Say About Our Services

  • Rawlins Davy have helped us with a number of business legal services - they are professional, friendly and extremely helpful. Would certainly recommend them as the best Solicitors in Bournemouth.

    John Brittle Managing Director
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