Equity release could be right for you
We all look forward to the day of greater work life balance and all the things we would like to do once retired. If you are facing a pension shortfall or need to meet an unexpected expense, equity release may be an option to consider. This will allow you to access some of the wealth you have accumulated in your property without the need to move.
When it comes to generating additional cash, some people may feel they have no option but to sell their home and downsize to obtain the money they need. With equity release, you can generate additional cash without incurring the cost and upheaval of moving from the family home.
Some people use the tax-free cash they receive from equity release to make improvements to their home, installing a new kitchen or bathroom, or just updating the property. Others may choose to help their families, whether it is helping children and grandchildren onto the housing ladder, helping with education costs, assisting in times of need, or simply allowing them to see their family enjoy their inheritance early.
At D’O Kane Financial Services, we can help you look at your options and establish whether equity release could be right for you. We advise on lifetime mortgages only.
A lifetime mortgage will be secured against your home.