The application process

How do I apply?

Applying for an equity release plan is straightforward, and your adviser will help you throughout the process. The illustrative guide below outlines the steps we will follow to consider your application.

Obtain a personalised illustration

The illustration is prepared in a standard format. This means that you can compare the plans of different providers more easily.

Complete an application form

Please make sure that you complete the application form accurately, as any errors may affect your eligibility. You may also be required to pay for a valuation of your property at this stage. This fee isn’t refundable even if the plan does not go ahead.

Property valuation

We will instruct a surveyor to visit your home and value it. The surveyor will agree with you a suitable time to visit.

The condition of the property will also be checked. If there are any urgent repairs required which affect the value of your home, you may be required to undertake these repairs as a condition of your loan.


Once the property value and condition has been confirmed, we will finalise the proposed terms of your plan in an offer. If you decide to proceed, you will appoint your own independent solicitor, to act for you through the conveyancing process.


This is the process that takes place between your solicitor and ours in order for the legal charge to be taken on your property. Checks are made to ensure that the property is a suitable security for the plan and it is possible (although uncommon) that issues may arise at this stage once detailed searches are undertaken.


Once the legal charge is ready, your solicitor will arrange completion of the loan. You will be required to sign the legal charge, and a certificate confirming that the solicitor has explained the plan to you.

Please make sure that you are entirely comfortable with the terms of the plan, as once it is completed you will no longer have a right to withdraw.

On the same day, we will pay across your cash lump sum to your solicitors, and they will make arrangements to pass these monies on to you.

These products are lifetime mortgages. To understand their features and risks, ask your Financial Adviser for a personalised illustration.

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