If you are approaching retirement and are worried about how you will coupe to maintain your lifestyle then we may be able to help. It may be that you wish to make improvements to your home or wish to see more of the world now that you have more time in retirement.
It might be that you a struggling to repay an existing mortgage or other debt in retirement. Will you have enough retirement income to keep up the repayments? You may wish to help younger members of your family get on the property ladder?
What are your options?
Finding a cash lump sum may seem the answer but how? It may be worth considering releasing some of the value built up in your home. For many, the biggest and most successful investment has been their home. Figures from the Nationwide House Price Index (Quarter three 2017) shows that the average house in the United Kingdom has tripled in value over the past twenty years.
Downsizing may be an option for some to release money from their home. You may be are reluctant, however, to move home. You could be moving away from friends and family. The community you grow up in. Finding a smaller house that meets your requirement in an area that you wish to live in is never easy. Especially we so few properties on the housing market to choose from.
An equity release plan could enable you to unlock some of the cash in your home without the need for moving. The most popular type of equity release plan is a lifetime mortgage. A lifetime mortgage will give you a tax-free cash lump sum to spend however you like.
How does a lifetime mortgage work?
With a lifetime mortgage, the loan is secured against your home. Interest rates can be fixed. You will make no monthly repayment on the loan as the interest is rolled up and repaid when the plan comes to an end. The plan usually come to an end on death or on moving into long-term care.
This enables you to enjoy your retirement now without having to worry about how you are going to fund it.
How Anstee & Co can help you with retirement planning.
There are many companies on the market selling equity release plans. We feel that it is important that you get independent financial advice. We are Independent Financial Advisers (IFA’s). This means that we look at all the options that are available to you, not just equity release plans. Being independent you can rest assured that we are working for you. Our fees are simple and straightforward. All commissions that we receive from the lifetime mortgage company are fully disclosed to you as well.
We are a proud member of “The Equity Release Council”. Our advisers have achieved additional professional qualifications to be able to advise you fully. If equity release is not right for you we will tell you.
The initial meeting is free of charge and we will not undertake any work for you until we have confirmed to you the cost. Meetings can be arranged at a time and location that is convenient for you and your family if you wish for them to attend. This may be at your home or at one of our offices. We have offices in the following locations-
- Kettering, Northamptonshire
- Stamford, Lincolnshire
- Birmingham, West Midlands
- London, Central London.
Our financial planners also make use of meeting rooms in Bedford, Towcester, Worchester, Wellingborough and Northampton.
Why not contact us today for a free initial meeting to see how we can help you secure your best retirement?
Leave A Comment