Retire & Relax
Well, here are some questions to think about:

Is your retirement income lower than you’d like it to be?  Do bills seem to be rising faster than your income? Would you prefer to have that peace of mind in retirement? Would you like a lump sum to spend how you choose?
We are all aware that in recent years, one asset that has increased substantially in value is your property. 
However, that’s of no use if you can’t access the money tied up in your home.

A possible solution to these issues can be an equity release plan on your property.
The great benefit with these schemes is the freedom to spend that extra money on anything you want.
 
We have listed below how our customers have put to good use their newly found financial freedom: -

Fund home improvements e.g. conservatory, windows Pay off a mortgage, loans, credit cards, bills Treat yourself to a special holiday  Buy a new car or caravan Maintain or improve your lifestyle income Gifts to your children for a house deposit etc Purchase a 2nd property such as holiday home Cover private medical care costs Reduce any potential inheritance tax liability Finance a move to a house of greater valueJust to be able to afford life’s little luxuries

 

*Alternatives to equity release that you should consider are:

·         Downsizing to a smaller property to release cash
·        
Ask your relatives for financial assistance
·        
Arrange an interest-only mortgage or personal loan
·        
Using existing savings or investments
·        
Apply for any State benefits
·         Seek home improvement grants, if appropriate

 


Please bear in mind that if you are currently receiving means-tested state benefits, you might lose your entitlement to them if your circumstances change and your income or savings increase.

To fully understand the implications of releasing equity, we recommend you always seek independent specialist advice.

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