Equity Release

Your dedicated equity release solicitor will guide you through the process to result in a satisfactory conclusion

Equity release

What does it really mean?

Equity release refers to a variety of methods of releasing some of the value tied up in your home, or property. 

The money could be withdrawn in one large lump sum, one large sum followed by subsequent smaller amounts, or a series of smaller payments. There is plenty of flexibility designed to suit you and your unique circumstances. 

Is equity release right for me?

Equity release should never be taken lightly and we would recommend you consider all options available to you before settling on this process of unlocking the cash tied up in your home. For example, could you perhaps downsize instead? 

As solicitors specialising in equity release, we can provide expert advice.

Don't risk your
property and future

Your local equity release solicitor since 1882

How much does it cost to release the equity in my home?

Pricing for a single Will

Starts from £xxx

Pricing for multiple Wills

Starts from £xxx

Pricing for a joint Will

Starts from £xxx

Your equity release questions answered

If you are over 55 and own your own home, there are two main options available to you. 

Lifetime mortgages

A lifetime mortgage is a loan secured against the property you own. The main difference to a regular mortgage is that there is no need to make monthly repayments, instead the debt can build up over a number of years. The sum will be paid off when your property is sold. 

Home reversion plans

A home reversion plan allows you to sell your property, or a portion of it, but remain living in it rent free. You may receive a lump sum or monthly payments. Please note that the amount you receive is likely to be lower than the market value of your property. 

There are many equity release plans available and all have varying pros and cons. We therefore recommend booking a conversation with an expert to discover which option will be most beneficial to you and your circumstances. 

In short, yes, you do need a solicitor to release the equity in your property. 

It is deemed as so important to obtain independent legal advice that it forms part of the Equity Release Council’s (the industry body for UK equity release) ‘rules and regulations’.

You are of course free to choose whichever solicitor you decide, regardless of recommendations from a financial advisor. 

Having an independent solicitor will safeguard you from any potential ‘rogue’ equity release advisor or scheme. They will also be able to advise on the legal implications of taking out an equity release option, rather than just the financial implications. 

An equity release solicitor will check your title deeds, propose and make offers, prepare and witness the signing of documents, check your ID and review all documentation before completion takes place. 

For more information or to discuss releasing the equity in your home, get in touch with our equity release team today. 

Digmore Sid

Excellent service

I engaged the services of Goughs Solicitors in Trowbridge, in particular Ailie Peacock, to act on my behalf for the sale of my house. Ailie was always clear with her advice, acted in a timely manor and answered any questions I had almost immediately. She was very proactive in dealing with the other parties involved in a slightly convoluted chain.

Ailie also managed a very late request from our buyers with calm efficiency and the utmost professionalism. The end result was a smooth sale and completion, with remarkably little stress on our part. I would not hesitate from using them again.


Margaret Wilson

Clear concise advice

Quick response to e-mails or phone calls. Will certainly use again in the near future. Clear concise advice patiently given!


Mr Ian Liddle

Excellent service

Excellent service as usual.



Superb once again.

Superb once again. Goughs provides outstanding service... professional in getting the job done and conducted with grace and care. Thank you Goughs!


Ashley Stone

Rhianna Cole

The solicitor I dealt with at Goughs, Rhianna Cole, was an absolute star, I cannot fault her in any way at all. She made everything in the situation I was in so easy to understand, and she guided me through an extremely stressful time, with extreme professionalism, yet a very personal and sensitive touch. Can't big them up enough.



Matt Saunders

Made first-time buying a (relatively) simple process!

Sophie was very attentive and responsive and understood the need to act quickly in regard to our purchase process. She was diligent with the paperwork and was very easy to talk to and clear at explaining what was required in terms of action from our side and from the seller.



Bath Property Awards 2021

Legal & Financial Winner

Goughs prides itself on its first-class service, with growing property marketing reach and increasing areas of expertise. Enquiries also escalated by 20%, a commanding showing this year!


Robert Winfield

Goughs make a refreshing change

We have worked alongside the conveyancing team many times and have always found them efficient, helpful and knowledgeable. When you work with as many firms as we do, Goughs make a refreshing change


Matt SBS

5 Star service all the way

I have been working in the property market for over 25 years and it's so refreshing to be able to find a company who has old fashion values and talks to you in the old fashion way where you're not just a number but a person and they truly do care about giving a professional service that is also personal. 5 Star service all the way, thank you so much for your excellent advice and knowledge will be delighted to recommend you to both family and friend.



Clearly explained the house selling process;

She clearly explained the house selling process; the hitches that could happen. She was friendly and efficient.



Very thorough, with attention to every detail

Very thorough, with attention to every detail, instilled confidence that helped everything to progress quickly and smoothly.


Your equity release team

Sarah Thomson

Senior Associate & Head of Residential Property

Sarah is the Head of the Residential Property team and deals with all aspects of residential property, including freehold and leasehold sales & purchases, remortgages, transfers of equity, shared ownership, and auction sales & purchases.

Lisa Seddon


Lisa qualified as a Solicitor in 2001, later specialising in Conveyancing since she enjoys the high level of client interaction that it requires. Lisa joined Goughs in 2019 after moving to Wiltshire with her family.

Nadine Cook

Associate Solicitor

Nadine joined Goughs as a Solicitor in 2019 and progressed to Associate level a year later. Nadine provides a professional service to her clients in a friendly and welcoming manner, and she works proactively and efficiently to ensure that her clients' needs and expectations are met.

Ailie Peacock

Senior Associate Licensed Conveyancer

Ailie started with Goughs Solicitors as a Paralegal in the Conveyancing Department in November 2004. She subsequently studied for the next four years and qualified as a Licensed Conveyancer in 2009. Ailie progressed to Associate level in 2014, and Senior Associate in 2019.

Isabel Figueiredo

Partner & Notary Public

Isabel has always been proud of providing a very high quality of personal service to her clients. With Isabel's assistance, her clients have been able to make their lifetime investment, whether buying their new home or stepping onto the property ladder for the first time.

Why work
with Goughs?

Local since 1882, with an excellent reputation

First-class, effective service

Largest solicitors in Wiltshire

Seven offices throughout the county

Nationally accredited law firm

Recognised by Legal 500 and Chambers & Partners

Related Pages

Conveyancing: What does 'exchange of contracts' actually mean?

Your definitive guide

What, where and why you need your title deeds

Title deeds explained


Transfer of Equity


Equity Release

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