Your home could fund a fresh lifestyle.
There are any number of reasons why the over-55’s may choose to explore the potential for raising a substantial cash sum by capitalising on the value of their home. Property prices have risen significantly in the last decade in response to consistently strong buyer demand, and homeowners who have lived in the same place for a number of years may be surprised to discover exactly how much their home is worth.
Releasing equity could be the solution to restoring financial stability if facing unexpected costs, including maintenance issues resulting from storm or flood damage, or plans to upgrade accommodation by refitting the kitchen or bathroom. Redesigning gardens, to adapt to changing lifestyles as people age, is especially popular, as evidenced by the number of TV shows and revived garden festivals dedicated to this increasingly popular hobby.
As the cost of living bites, people are also concerned to make their properties more energy efficient, with better insulation, and even replacing domestic appliances.
Despite the recent travel horrors experienced by families determined to have a proper overseas holiday for the first time in two years, luxury breaks are also high on the agenda for retirees seeking that once in a lifetime experience, whether a world cruise or exciting rail journey exploring the previously unknown in terms of landscape and wildlife.
Alternatively, those approaching retirement may choose to pay off debts, whether their own or family members, for example student fees. Unfortunately, the pandemic left people of all ages with significant gambling debts following months in isolation, playing online.
Equity release could provide the funds to meet specific needs. So:
- How much can you release? This depends on your age, the value of your property and your state of health.
- Will you still own your home? Yes, and you can continue to live there for as long as you wish.
- Can you move, perhaps downsizing? We recommend schemes which are portable.
Premier Equity Release is regulated by the Financial Conduct Authority (FCA) and our trained advisers can guide you through the process, ensuring that you can secure the most appropriate deal to suit individual circumstances