A Professionals’ Guide
As leaders in the provision of mental capacity assessments for the financial sector, we understand the importance of supporting professionals’ clients with a clear, caring and robust process. This will provide you with the due diligence to ensure that your clients are assessed in line with the Mental Capacity Act 2005 for the specific decision of entering into lifetime lending.
The process for instructing us is as follows:
- Please complete the contact page on our website (TSF Assessments Ltd) to obtain a competitive quotation.
- An equity release referral form will be shared; please ensure all the background information is provided.
- We will need to gather the information below to ensure that the assessor has all of the information necessary to prepare for the assessment:
- A fully completed TSF Equity Release capacity assessment referral form
- Current Mortgage offer or illustration from the lender
- If a Lasting Power of Attorney is in place, details of the Lasting Power of Attorney activation link for Property & Financial Affairs
- Medical evidence where we request it (dependent upon circumstances)
We will then arrange a face-to-face assessment in the client’s home or a solicitor’s office; alternatively we can accommodate a very affordable video link option via Microsoft Teams (a laptop will be required for this type of assessment). Please note that video link assessments are not suitable for all clients.
TSF have an a very skilled team of professionals with backgrounds in both lending and financial services and in the assessment of mental capacity. We are unique in both understanding the nuances of mortgages and lending and the importance of evidencing mental capacity in this area of decision making.
Whilst our service standard for most mental capacity reports is an effective turnaround of 7 working days to produce a draft report, we understand the pressures of providing clearly written reports in timescales that will meet lending deadlines. We are therefore happy to discuss urgent deadlines that require a quicker turnaround.
Before releasing our draft report for your approval, all our reports are audited to ensure they would withstand court scrutiny.
If you like to discuss how TSF Assessments Ltd may be able to help you with your Mental Capacity Assessments for Lifetime Lending, please call us on 0333 577 7020.
