Equity Release Council announces changes to legal process
The Council is setting out a remote process using telephone or video facilities and additional steps to ensure customers are given the necessary legal advice. The physical witnessing of the mortgage deed being signed remains a requirement under UK law and needs to be carried out by an independent witness arranged by the client, under social distancing rules. The solicitor will, alongside remote legal advice, conduct additional due diligence to ensure the witness is valid.
You can read the statement in full here.