Baby girl with two little dogs sat on chair

Recent research* suggests that 90% of the last 20 years’ equity release customers, would recommend equity release to a friend or family.

Furthermore a fantastic 50% have said that equity release has eased day-to-day financial worries while 33% say it has helped them to keep doing the things they enjoy and 22% say it has helped to adapt their home so they can continue living there.

Equity release has made huge strides in progressing over the past 20 years too, with a significant rise in products available, over 55s have more flexible product choices and better product features too.

Releasing money from your home can satisfy financial demands and even your wellbeing, here are some of the uses of equity release:

A popular use of funds released through equity release, is gifting. Many over 55s, choose to gift money to their loved ones for house deposits, living inheritances, weddings, school fees and more.

Outstanding debts, including a current mortgage, can have significant monthly price tags, but many look to equity release to help pay off these outstanding bills and reduce their monthly outgoings.

Maybe you’re wishing you took that cruise around the Caribbean? Or would love to take the grandchildren to Disneyworld? It’s not too late to release funds from your property to afford that once in a lifetime trip.

Many argue that retirement is when life begins; better healthcare means longer lives, and many are seizing the day while using equity release to fund the fun.

How can we help?

For advice on a life time mortgage then speak to us by calling on 01564 791 117 or emailing hello@trmdirect.co.uk, and we’ll be happy to discuss. Or if you’d prefer click here for someone to give you a callback.

Equity release is a lifetime mortgage. To understand the features and risks, please ask for a personalised illustration. Check that this mortgage will meet your needs if you want to move or sell your home or you want your family to inherit it. If you are in any doubt, seek independent advice.

Source: https://www.wearekeygroup.co.uk/impact-and-insight/thought-leadership/90-of-customers-have-or-would-recommend-equity-rel

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