AskERIC makes it easy for you to enjoy your retirement. Unlocking the tax-free equity tied up in your home is made simple by our equity release advisers, setting you free from uncertainty to secure your future and live out your aspirations. We promise to provide an equity release service that builds trust and confidence, and one way we do this is by making the process as straightforward as possible for you.
Take a look at our Information Hub, download our comprehensive guide to equity release or give us a call; our friendly independent equity release advisers will give you free equity release advice and explain how the process works, ensuring that you understand the risks and benefits.
We will offer you a free, no obligation consultation with no pressure or stress. The equity release adviser will talk through your personal circumstances with you so that they understand exactly what your needs and objectives are.
You’ll receive a personal recommendation pack through the post with full details of the plan(s) that your adviser recommends, including their reasons and any other equity release advice. They will then arrange the best time to talk through the documents together with you and answer any questions you might have.
We leave you in peace to consider our recommendation and make your decision. We suggest that if you have close family you discuss our recommendations with them. Your decision may affect their inheritance or the support you give them now.
If you wish to go ahead with the plan, sign and return the application form. Your adviser will get to work on your behalf to approach the lender and get the agreement in place.
An independent survey will be needed on your property to find out the exact valuation. We will help coordinate this between you and the lender. This will be used by the lender to formulate your equity release offer.
You will need to choose a solicitor to act on your behalf. They will advise you on the legal aspects of the process and will make sure all the legal requirements are met. You may wish to use your own, or you can select one of our recommended specialists, who can progress the work quickly and are often cheaper.
Approximately 6 – 8 weeks after submitting your application, your plan should be completed and the money paid directly into your account, or by cheque, from the solicitor. The solicitor will take out any set-up fees owing from the amount released.
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Access a comprehensive guide to AskERIC’s equity release process to read and consider at your leisure.