Exchange and completion: Essential guide for home buyers and sellers
Buying or selling a house can be an exciting process but we understand there is a great deal of terminology
Your home can be a source of readily available wealth to help you achieve your financial goals.
Equity release is a specialist type of mortgage, provided mainly for people over 55, which uses the equity tied up in your property. Whether you want to help family members with school fees, or get them onto the property ladder, move to a larger property yourself, pay off debt or simply have more readily available cash for a better lifestyle, equity release is a means of doing this.
When considering whether to unlock equity in your home, it’s important to get the best independent advice to see if equity release is the right choice for you, and if so, to select the right product from the many available on the market. We will listen to what you want to achieve and clearly explain all the options to help you understand future financial implications.
Equity release is complex, and if you take out a plan, make sure it’s with a lender approved by the Equity Release Council. Our equity release advisers are all members including key contacts; Toni Chalmers-Smith and Jo Buck-Marshall. Â
Entrusting the accumulated wealth of a lifetime’s endeavours is one of the most important decisions a person makes. Our experience with Tees allows us to feel confident that our money is in safe hands.
If you’d like to meet one of our equity release experts, for a confidential, no obligation chat, please get in touch.
We have offices across Cambridgeshire, Essex and Hertfordshire, but we can help you wherever you are in England and Wales
The financial services provided on this page are by Tees Financial Limited, authorised and regulated by the Financial Conduct Authority.Â
Our legal services are authorised and regulated by the Solicitors Regulation Authority.
This varies based on your circumstances, age, property value and plan chosen.
For initial lending there are arrangement, solicitor and advice fees. For further lending valuation fees may apply.
No, any cash released is tax free.
Depending on your personal circumstances, these could be affected so please discuss matters with your equity release adviser.
Yes, there are restrictions on some types of property that may be eligible for a lifetime mortgage.
Yes, and you live there until you move into long-term care or pass away.
With a portable plan, you can take the plan with you if you move. Please note, there are restrictions on the types of property that may be eligible for a lifetime mortgage.
Some plans allow you to repay the whole loan and interest – please note there may be an early repayment charge which can be expensive.
Depending on your plan, you may be able to borrow more based on lending criteria and interest rates – a new valuation will be needed.
This varies based on your circumstances, age, property value, and plan chosen.
Although a lifetime mortgage reduces your home value, any remaining money left in your property will be left to your estate.
You or your solicitor will sell the house if you go into long-term care, or if you pass away by the person who is looking after your estate.
This material is for informational purposes only and does not constitute an offer or solicitation for the purchase or sale of any financial instrument. It is not intended as accounting, legal, tax, or investment advice. Past performance is not indicative of future results, and all investments carry risks, including the potential loss of capital.
Tees is a trading name of Tees Financial Limited, authorised and regulated by the Financial Conduct Authority (FCA), Registered number 211314, and registered in England and Wales (Company number 4342506).
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If you’d like to meet one of our experts for a confidential, no obligation chat, please get in touch.
Financial services:
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Legal services:
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All legal services provided by Tees are regulated by the Solicitors Regulation Authority. Tees is a trading name of Stanley Tee LLP is authorised and regulated by the Solicitors Regulation Authority (SRA Number 464615) and is registered in England and Wales number OC327874.
All financial services provided by Tees are regulated by the Financial Conduct Authority. Tees and Tees Wealth are trading names of Tees Financial Limited which is authorised and regulated by the Financial Conduct Authority. Registered in England and Wales number 4342506. Registered office address Tees House, 95 London Road, Bishop’s Stortford CM23 3GW.
Copyright © 2025 Tees Law. All rights reserved.
Financial services:
Legal notices | Privacy notice
Legal services:
Legal notices | Privacy notice
All legal services provided by Tees are regulated by the Solicitors Regulation Authority. Tees is a trading name of Stanley Tee LLP is authorised and regulated by the Solicitors Regulation Authority (SRA Number 464615) and is registered in England and Wales number OC327874.
All financial services provided by Tees are regulated by the Financial Conduct Authority. Tees and Tees Wealth are trading names of Tees Financial Limited which is authorised and regulated by the Financial Conduct Authority. Registered in England and Wales number 4342506. Registered office address Tees House, 95 London Road, Bishop’s Stortford CM23 3GW.
Copyright © 2025 Tees Law. All rights reserved.
