Goldsmith Williams believes equity release will grow in popularity

Goldsmith Williams, which offers independent legal advice on equity release, among other things, has welcomed the government’s recent report on social care for the elderly. It believes the white paper illustrates the growing importance of equity release as a way of providing the care and protection the older generation deserves.

Senior partner at Goldsmith Williams, Eddie Goldsmith, told MyIntroducer: “The recent government white paper has put into sharp focus the issues of funding social care for a rapidly growing number of elderly people. Although the government is proposing several possible solutions nothing is yet certain, other than elderly people will have to continue funding their own care for years to come.

“With so many pensioners being equity rich and cash poor, it is inevitable that equity release will grow in popularity as a way to ensure a comfortable old age. However, financial advisers must ensure clients are given expert legal advice from lawyers who really understand the issues relating to equity release, which is why Goldsmith Williams’ specialist equity release service, GW Lifetime, has proven to be so popular.”

GW Lifetime gives brokers and borrowers access to a team of equity release conveyancing specialists who provide a guaranteed 20-day turnaround on all equity release cases. Moreover, brokers who are not authorised to transact equity release business can refer clients to a panel of equity release specialists through the company’s online portal, GW Live.

Richard Espley, manager of GW Lifetime, said: “Equity release is a classic example of a financial product where professional advice is absolutely essential. That’s precisely what GW Lifetime delivers and we anticipate growing demand for this service in the months and years ahead.”