24th March 2020
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The ongoing spread of the new coronavirus has become one of the biggest threats to the global economy and financial markets.
People fear losing their jobs, businesses collapsing and face drastic cuts in their available finances.
Amidst this turmoil we all still have bills to pay, debts to address, mortgages to fund. Yet when most of us are confined to our homes, how can we generate the income we need to survive?
Well, the good news you have been waiting to hear is here: if you are a home owner aged 55 +, you could release some of the equity in your house in the form of a Lifetime Mortgage and access a tax-free lump sum giving you the finance you need for now and the years ahead.
The most common for of equity release is a Lifetime mortgage, which is a loan taken out against the value of your property at a fixed rate of interest for the lifetime of the loan. The good news is that rates are at the lowest they have ever been, and can be as low as less than 3% interest. You can choose to access the money as a tax-free lump sum or opt for regular instalments of the cash similar to receiving a monthly salary. This could be a life saver in these turbulent times when salaries have been cut and outgoings remain high.
You don’t have to! Yes, that’s right. You have to option of allowing the interest to roll up and the value of the loan is taken from the sale of your property when you either die or go into long term care. This gives you the peace of mind of having access to funds when you need them without having to worry about paying them back, particularly during this period of financial insecurity. Of course, if you prefer to make regular instalments to pay back the loan, that is also an option – the choice is yours. But either way, the funds are available if you want to release the cash from your property.
We are very aware of the risk of interacting with people during this crisis and for that reason, our whole service has been converted to telephone and postal transactions with no face to face appointments needed. From initial consultation, to the release of the funds, you can stay in the comfort and safety of your own home and just wait for the money to arrive in your account.
If you think that Equity Release could save you from financial crisis during this period of unprecedented instability, please phone Kevin Woods on 01489 454545, or via email on email@example.com for a free consultation without commitment or obligation of any kind. This could be the most secure thing you will do for yourselves in the months ahead.
Equity release is the answer to so many financial questions. If you would like to know more about it, and see if it could be the right move for you, please book an appointment or request a call-back
We will be in touch as soon as possible to arrange a convenient time for a meeting, which is completely free of charge and without obligation.
I'll be in touch as soon as possible. If you'd rather call me in the meantime, please feel free to give me a call on 01489 45 45 45