The Situation: Our clients were a couple who lived near Brisbane and were looking to source additional cash utilising a reverse mortgage. Their bank required them to obtain independent legal advice on the loan documentation prior to signing. We expertly reviewed the loan documentation and identified our clients’ rights, obligations and other issues regarding the loan. We then provided a certificate to evidence that legal advice had been obtained to satisfy the requirement of the bank.

The Result: A win for our client. Our clients were able to proceed with making an informed decision to proceed with the loan, protecting their interests both in the short term and the long term.

As every case is different, the cases reported here cannot be taken as an indication of a similar outcome being likely in your case, and these reports are not to be taken as legal advice about your particular situation.