There are two types of solicitor involved in the progression of an Equity Release loan. It is a key criterion for those Equity Release providers who are members of the Equity Release Council that both they and the customer have separate legal representation. This is primarily to avoid any conflict of interest between the parties and to ensure that you the customer has independent advice.

For the homeowner, the role of their solicitor is to ensure that they understand the long-term nature of an equity release contract and proceed with full knowledge of the risks and rewards, as well as the legal obligations of the plan.