Using Equity Release To Help Her Son

When Mrs P’s son asked her if she would release some equity in her property so that he could put down a deposit on a flat in his new home town in Norway, her immediate response was ‘no!’

Her solicitor had strongly advised her against the idea suggesting that it would result in her losing her home which terrified her.Nevertheless, her son insisted that she speak to a well reputed equity release advisor who he assured was extremely trustworthy, having been recommended by a friend of his who knew about his services. They all knew of each other through the musical circles that her son, the friend, and Kevin Woods are involved in. As a favour to her son, Mrs P reluctantly agreed to speak with Kevin Woods as this was the only way her son could see to enable him to buy his own home. Having trusted her son’s insistence Mrs P is now thankful that she made that phone call.

‘Kevin explained everything so clearly and thoroughly and corrected the misguided ideas I had about the risk of losing my home. He was so easy to talk to, deeply knowledgeable and understanding. He clearly explained how I was able to release the equity from my property to give to son to secure him a new property and have the guarantee that my home would still be my own. ‘

It is a common misconception that you may lose your home if you take out equity release. When Mrs P felt confident that releasing a tax free lump sum from her property would benefit her son and enable her to stay living in her own home for as long as she wanted, she realised how beneficial this would be for herself and her family. Now her son is living in his new home abroad and no longer having to pay extortionate monthly rent.

‘Everything has worked out amazingly well. It all happened at the right time when the foreign mortgage interest rates were low, when the currency conversion rates were favourable and I feel secure in the knowledge that this was the right decision for me and my son.

‘Kevin woods is fantastic to work with. He strives to find the right solution for you as a customer, he works tirelessly to ensure that the process runs as smoothly as possible for you and his care and attention leave you feeling confident that you are in the hands of someone who truly has your best interest at heart.’

Now Mrs P can enjoy visits to her son in his overseas home when time allows and share the joys of his new home and his new life.

‘I am thrilled that equity release has enabled me to help my son buy himself a home in his new life overseas. Despite my initial fears, I now know that releasing cash from your property can really make dreams come true.’

If you are considering releasing equity from your property to make your dreams, or those of a loved one, come true for you, contact Kevin Woods today to see if equity release is the right option for you. It may be the best phone call you have made in a long time.

01489 454545.

kevin.woods@equityrelease.co.uk


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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

Providers include

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Equity release will reduce the value of your estate and may also affect your entitlement to means-tested benefits. You should always think carefully before securing a loan against your home.

Unless you decide to go ahead, our service is completely free of charge as our usual advice fee of 1.99% of the amount released would only be payable on completion of a plan, subject to a minimum advice fee of £1499.

A lifetime mortgage is the most popular form of equity release, and is a loan secured against your home that’s typically repaid when you pass away or go into long-term care.

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