Equity release is designed for over 55’s looking to extract money from their property for various different reasons, paying debts, help children, holidays etc. It benefits individuals who have a property that is mortgage free/small mortgage on it however they do not have a lot of money in the bank. This is true for many individuals we call this ‘asset rich cash poor’.
People have worked hard throughout their lives however as inflation rises and living becomes more expensive people find their money not going as far as it used to. This may result in building up debt in the way of loans/credit cards. That said you may simply want to help their children buying their first home, wedding etc therefore this is another reason why you may want to exact money from your property. Equity release can also be used to buy a partner out of the property if they were to split up/divorce. As you get older it is more difficult to source a conventional mortgage therefore Equity release may be a suitable for them.
My role is to work with each client and ensure their individual needs and priorities are met. Every client will have different priorities therefore it is important for me to work closely with them to ensure they are given the best advice. I am there for the clients to guide them through the process and ensure they are kept fully informed at each stage of the process.
Equity release will reduce the value of your estate and can affect your eligibility for means tested benefits.
Festive Hours for 2024
Closed Tues 24th December at 2:30pm
Re open on Mon 30th December at 9am
Closed Tues 31st December at 3pm
Re open on Fri 3rd January at 9am
Please note that the answer machine will be checked regularly throughout this period, and enquiries will be dealt with promptly.
