The process of releasing the equity in your home might sound a bit daunting. It’s understandable if you’re a little intimidated by the thought of a lot of complicated paperwork as well as the need to pay expensive legal bills, but if you proceed with Property Rescue they will do everything on your behalf and won’t make an extra charge for it. That means that the price they offer you for your property is the price you will get – less any outstanding mortgage or loans of course. There are no hidden fees, no upfront costs and no unexpected bills to surprise you when the transaction is complete.
You can release your equity with Property Rescue in just six simple steps:
- You make contact with Property Rescue. This is your chance to ask questions and find out more. No pressure is put on you to proceed and if you decide that equity release isn’t for you, that will be the end of the matter.
- If you decide to go ahead, Property Rescue will arrange for a free valuation to be carried out on your home. They will make you an offer based on this valuation. You are entitled to get a second independent valuation if you wish, but naturally you will have to pay for this yourself.
- Property Rescue will confirm to you in writing how much equity they will offer you for your home. They will also confirm in writing that you will be allowed to stay in your home as a tenant and enjoy all the rights that a tenant normally has; at this stage they will also tell you how much you will need to pay in rent.
- Lawyers, instructed by Property Rescue, will draw up the necessary paperwork for you to sign concerning both the equity release and your new tenancy agreement.
- The lawyers complete the transaction and Property Rescue, acting on your behalf, pay off any outstanding mortgage or loans that have been secured on your property. There are no fees to pay to Property Rescue. The amount remaining after your debts are paid is transferred into a bank account of your choice.
- You begin paying your monthly rent to Property Rescue and enjoy the money that, until now, was tied up in the bricks and mortar surrounding you.
Contact us on 0800 1313 999, email info@propertyrescue.co.uk or complete an online enquiry form. Property Rescue is a UK Based Organisation dealing with only UK Properties.