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The ERC governs standards of conduct and practice in the equity release sector and aims to spread awareness of how homeowners can access the equity in their homes to release of funds, so they can be used in later life.
As members of the ERC Brethertons ensure that customers who are taking out an Equity Release mortgage are fully informed and properly protected in accordance with the ERC codes of conduct.
Emma Morris, Associate in the Conveyancing team said: “Equity Release is a way of allowing owners above the age of 55 to unlock some of the equity in their property whilst they still live there. We are pleased to be part of the Equity Release Council and we are proud to operate under their codes.”
David Burrowes, Chairman of the Equity Release Council, said: “The Equity Release Council is dedicated to the safe growth of an already thriving market, which saw almost £4bn of property wealth released in 2018. The Council and its members aim to ensure positive outcomes for consumers where protections and safeguards are a continuing feature. The guarantee of independent face-to-face legal advice for people exploring equity release via our members is a unique safeguard to protect consumers’ interests. It ensures that all rights and obligations have been explained and that the consumer understands the agreement before committing to a plan. By joining, Brethertons Solicitors has pledged to abide by the Council’s standards and principles, which go above and beyond the statutory requirements placed on them. We very much welcome them aboard.”
If you are thinking about releasing money from your property, please contact Emma Morris, on 01788 579 579, who will be happy to discuss this matter directly with you or alternatively, please visit our Equity Release page.