Home - Adlington Law

WE ARE AWARD WINNING SPECIALIST LATER LIFE LAWYERS

Providing technical excellence to thousands of clients since 2015 across the whole of England and Wales

Equity Release for Home Owners

Adlington Law are specialist Equity Release & Private Client Lawyers based Chorley, Lancashire, although we undertake work throughout England & Wales, offering face to face appointments with our own team of Consultants for equity release cases. All these appointments are conducted in the comfort of our clients’ own homes, providing you with a more relaxed and stress-free environment in which to sign the required paperwork.

Our experienced team of legal practitioners will help explain the Equity Release process and provide a bespoke legal service to suit your needs. Every client will be assigned their own dedicated file handler who is supported by a team who will be available to help any client should their file handler be unavailable.

Our purpose is to deliver a solution and a service tailored to each individual client and to hold our clients’ hands when they need us.

Please call us now to obtain a quote in minutes or complete the brief details on the right hand side – Get A Quote

What Our Clients Say About Us

Rob and the team were excellent and answered my questions quickly and efficiently. The accounts department were delightful.

Delighted to have worked with Karen Watkinson, Jade Cross and consultantJimi Kufeji. Very pleasant service with superb efficiency.

Excellent proactive service and communication. the first solicitor I have used that did not have to be chased

Very friendly and helpful staff. I was given regular updates. Special thanks to Carol who explained everything in simple terms and was extremely helpful

Charlotte at Adlington Law was so personable, always available to talk and reassure us. Really really efficient. I cannot recommend her enough. The very best solicitors all round, that I have ever come across.

Being new to the will making process I was extremely pleased with the professional, efficient and friendly service from Megan. She talked me through each step and explained everything really clearly. I was very satisfied with the outcome and would recommend this service. Thank you Megan!

Writing your will is a very daunting experience, luckily I was lucky enough to have Megan very professionaly talk me through it step by step, answering all of my questions and explaining everything in layman's terms for me.

Exceptional service from Charlotte and the team in handling the sale of my brother's property. The entire transaction could not have progressed more smoothly than it did, I was treated with courtesy and care throughout, and was kept 'in the loop' at every stage of the process. Outstanding service, which is rare to find in this day and age.

Our application for Equity Release was far from straightforward, however Andrea and Chris handled it with such professionalism, patience and perseverance.

Excellent people to deal with; given clear concise advice and regular updates of any information.

Highly recommended, actually didn’t have to worry or stress about the process as it was all taken care off by Kate and the team.

We got equity release on my home and wasn’t the easiest of processes. But our solicitor Karen Watkins on was absolutely amazing from start to finish.. would definitely recommend her.

Excellent service, particularly from Kate. Helped through the process with all details explained. Highly recommended.

First class service and communication from Kate Jones.

Equity Release for Financial Advisors

Our modern law firm with old fashioned family values at its heart has many years’ experience within the Equity Release Market.

Since our formation, our focus has been to deliver a bespoke Equity Release and Conveyancing service for our clients and financial advisor referrers. We believe in a personal approach with each client having their own dedicated case handler who will take care of the client from the offset to completion.

We always focus our service to ensure that each and every client is catered for in the best way for that individual client. We review the client’s legal offer pack and prepare tailored advice, dealing with all aspects of the offer and dealing with any related conveyancing issues which may arise in respect of the title.

We then instruct one of our nationwide qualified Consultants to attend on our client for their face to face visit, where they talk the client through our legal advice, the legal paperwork and collect any additional documentation we require. The whole process is aimed at ensuring our clients are fully informed and are not intimidated by the legal process.

How Does Equity Release Work?

Advice and Recommendation

The initial step in the equity release process is to have a consultation with a financial advisor. They will provide you with a tailored suitability report based on your circumstances and the products currently available in the market.

Application

Following the Financial Advisor recommendation, an application form is completed and submitted with all the necessary supporting documentation and identification.

Valuation Report

Once in receipt of your application, your chosen Lender will instruct a Surveyor to contact you for the purpose of arranging a mutually convenient time for them to attend at your property for the purpose of conducting a full valuation. Once they have left your property, they will conduct a market appraisal, and then prepare their report commenting on the current value which they attach to your property, together with details of the condition of the your property to enable the Lenders to adequately assess whether your property meets with their lending criteria. Once your Lender has received and reviewed this report, they will then be able to assess how much equity can be released from your property.

Offer Made

Your selected Lender will issue their offer containing their terms and conditions of the mortgage, including the amount offered, the interest rate to be applied, details of the early repayment charges which attach to your offer and any special conditions of the offer. An identical copy will be issued to your Lender’s solicitors who will, in turn, issue their own legal pack to us on your behalf. We will review the pack, prepare our own tailored advice and then arrange a face to face appointment with one of our own nationwide Consultants.

Conveyancing and Legal

If you appoint us to act on your behalf, we will deal with all legal aspects of the transaction on your behalf. We will liaise with your lender’s solicitors to ensure all legal requirements are met, we will deal with all questions which are raised and we will also deal with any additional issues which may arise in relation to your property. On each occasion, we will tailor our advice to the offer that has been issued to you and you will have the benefit of your own case handler and a face to face appointment with one of our own experienced consultants who will talk you through our advice and paperwork, witness your signature on legal documents and collect from you any documents required by us to process your transaction. We will then take you through each step of the transaction and guide you through to completion.

Completion

Finally, when the lender’s solicitors have checked all the legal paperwork, they will set a completion date. The funds are then released to Adlington Law with any charges deducted. Dependent upon your preferences, the net amount will then be forwarded to your nominated bank account or posted via cheque.

Enjoy the proceeds of the monies released!

Once completion has taken place, and all funds deducted, the balance of the equity release funds will be transferred to your nominated account for you to spend in whatever way you wish.

And the Winner Is...

Adlington Law are delighted to have been shortlisted for many regional and national industry and business awards. One of proudest achievements is winning the Best Conveyancer Award at the Equity Release Awards in 2023 and 2024

2024 Equity Release Awards

Best Conveyancer

Tuesday 30^th January we were extremely proud to pick up the award for Best Conveyancer at the 2024 Equity Release Awards, having been up against very strong competition in our field.