Life expectancy in the United Kingdom has increased to 78.7 years for men and 82.6 years for women, that's up by 26% for men and 14% for women in the last 20 years.
Good news, of course; but a long retirement leaves many people with the very real challenge of how to make savings and pension pots stretch.
Equity release is a real opportunity for retirement age home owners who are 'asset rich' but perhaps 'cash poor'. It’s a means of freeing up money from your home without having to move, to cover everyday expenses, or just to enjoy life a little more!
There are other possibilities too… Would you like to help your children get on the property ladder with a lump sum? Or maybe you need to pay for care at home in your later years? With equity release you can do this AND stay in the house that you love. You don't have to move.
Some people worry about how they may lose state benefits or eroding any future inheritance, or even entirely losing the home they have worked so hard for.
Although these may be legitimate concerns, equity release plans have changed significantly in recent years. Nonetheless equity release is a major decision and it is vital to obtain the advice of a suitably qualified and experienced professional to be able to make clear and informed decisions.
Call us today for a free initial consultation.
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