When Mrs B looked at her latest mortgage statement and calculated that she would need to work for the next 14 years in the same job she had already been doing for the last 40 years to finally pay off her mortgage, she realised that it was time to take action! She did not want to have to retire at the age of 74 because she was tied to monthly mortgage repayments – life was too short. Her finances needed to be reviewed to free her from the constraints of her lifelong job and costly monthly outgoings.
Mrs B had heard about Equity Release from adverts on the television and made a few phone calls to some big providers but did not like the service she received.
‘I liked the concept of releasing money from my house to pay off the mortgage but the salespeople in the big companies were too pushy for me.’
So, Mrs B decided to find a local independent Equity Release specialist and that is when she came across Kevin Woods.
‘Kevin was so friendly and not at all pushy. He was very thorough and went over it all clearly so that I fully understood everything. In fact, I spoke with Kevin 3 times on Zoom meetings which worked really well – it was as if he was in the room with us.’
The concept of releasing equity from her property really appealed to Mrs B.
‘You have got to be organised. The money you want, or need, is sitting in your property doing what exactly?’
Mrs B has been recommended a plan which allows her to make monthly repayments on her Lifetime Mortgage which suits her financial needs and could enable her to leave more money in her property when the plan comes to an end.
Now that the funds have been released, Mrs B has been able to pay off her existing mortgage, freeing her from the tie of having to work for the next 14 years and she can happily retire at the age of 66! She has also used some of the money to pay for much needed home renovations and to buy a new car.
And what is Mrs B planning to do with all her free - time? Will she be lonely? Not at all! To top it all off, Mrs B is planning to find herself a new companion – she intends to use the money to buy herself a dog!
‘I will spend my time going out for lovely long walks with my new best friend to be – now that’s something to look forward to for a change!
In these challenging times when life seems so unpredictable, when we feel out of control in our own environment, why not consider taking out Equity Release and help secure some financial peace of mind for the years ahead? Call Kevin Woods today on 01489 454545 to see if releasing equity from your property could be the right option for you.
Equity release could be the answer to some of your financial questions. If you would like to know more about it, and see if it could be the right option 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