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#TVLawyer Episode 4: What You Need to Know About Equity Release

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Melinda Giles

Managing Partner

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In the fourth episode of the #TVLawyer Podcast, Melinda Giles talks to Giles Wilson Partner and expert in later-life legal matters Pippa Bavington to break down the considerations and complexities involved with equity release.

Whether it is for Inheritance Tax planning, helping out your children, or paying for a new kitchen, equity release can be a practical way to access money tied to your home. But it is a decision that can have significant consequences for you and your family’s future.

Pippa Bavington has been helping people understand the conditions and risks associated with equity release for numerous years, so that they can enter these mortgages with confidence and clarity in all circumstances. Here she and Melinda Giles cover several of the key talking points surrounding this often misunderstood option for older homeowners.

In this episode, they discuss:

  • What equity release is and who it is available to

  • Scenarios where someone might pursue equity release and the support this can provide

  • The limitations that an equity release mortgage can pose on your property’s future

  • Why equity release is safer and more regulated today than in prior years

  • The potential costs and risks associated with this approach, particularly for vulnerable dependants

  • The importance of financial and legal advice before making any decision on equity release

  • Why equity release is a good opportunity for a more holistic discussion of wills, Powers of Attorney and other considerations

  • Why solicitors must understand their clients circumstances comprehensively to give the best possible advice

Listen to their thoughts on these topics and much more – watch Episode 4 of the #TVLawyer podcast now on YouTube.

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