Keeping your dreams afloat
Release the reality with your equity
For people reaching retirement, funding their future finances can mean a daunting tide of uncertainty. Should provisions not already be in place, then one salvation could be utilising your property as your pension.
By sensibly releasing equity from your property, you can manage your financial affairs to enable you to enjoy the rest of your retirement. The following are examples of how our clients have used a release of equity to their advantage.
With retirement being the longest holiday of your life, people love to travel and experience places they couldn’t whilst working. With property values increasing, purchasing a second home abroad is becoming commonplace. A drawdown lifetime mortgage enables you to take money in smaller amounts to cover annual trips.
Retirees with a good disposable income still have access to interest only lifetime mortgages where the interest or even capital can be repaid. This can help redeem an existing mortgage or raise extra cash. Making repayments helps manage your balance and more importantly protect your beneficiaries’ inheritance.
Finally, with property values increasing inheritance tax liabilities are too. Equity release can help with tax issues or even long-term care at home. Couple this with helping the children financially and equity release can be a solution to many retirement aspirations.
Equity Release Supermarket is an independent equity release advisory service regulated by the FCA and a member of the Equity Release Council, providing consumer protection and peace of mind in knowing you are dealing with authorised specialists.
Case Study: Gifting to children
Peter and Janet are both 66 and have a daughter who needs a sizable deposit to secure the purchase of her first home. She has asked her parents whether they could help and gift her the £30,000 required.
Following independent advice they applied for an Aviva Flexible Lifetime Mortgage to raise £30,000 at a fixed rate of 5.71% (5.83% representative APR). Their daughter arranged to repay 10%pa, incurring no penalties over the next 16 years in order to fully redeem the Aviva scheme. All the family are pleased with the outcome and flexibility of being able to help her realise her dreams.
To benefit from a free no obligation initial consultation, please call 0800 678 5074 or email
info@equityreleasesupermarket.co.uk for further details on our range of services.
www.equityreleasesupermarket.co.uk
These are lifetime mortgages and home reversion plans. To understand their features and risks, ask for a personalised illustration. There will be a fee for mortgage advice. This will depend upon your circumstances, but we estimate that it will be £895. Equity Release Supermarket Ltd is authorised and regulated by the Financial Conduct Authority. FCA registered no. 584063
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