Search
What if my house is only in my name and my partner is a joint applicant for the equity release?
Your property needs to be held in the name(s) of the person/people who are applying for the equity release loan. If there are two of you, but only one of you is the legal owner of the property, it will usually be necessary to transfer the deeds into joint names. Your solicitor should be able to do this for you at the same time as the standard work on the equity release, but will charge you a higher fee. You should ask for a quote in this respect before you ask your solicitor to proceed with the drafting of the transfer. Some solicitors are not prepared to deal with the drafting of the Transfer deed alongside the equity release and, if this is the case, you will need a third party solicitor to quote separately for this work.