It’s so lovely not having to worry about the money!

When we reach our golden years, we often have dreams of living a golden lifestyle which is exactly what Mr and Mrs T had in mind when they first considered taking out Equity Release. With plans to pay off their existing mortgage and carry out extensive home renovations, Mr and Mrs T needed to find the funds to achieve these goals. Yet with bank loan interest rates being so high, and limited funds in their savings accounts they were at a loss to know how they could reasonably find the cash they needed.

After researching their options, they came across Equity Release and realised that they already had the cash they desired all along, locked up in their property.

‘We were property rich and cash poor but didn’t realise that we could release the money we needed from our house. We were at the time in our lives when we wanted things done around the home to make it more comfortable for us – a new kitchen and bathroom, a new driveway, repainting work. When we discovered that we could release some of the value of our property to use as cash we were delighted.’

After researching local Equity Release specialists, they came across Kevin Woods’s website and decided to give him a call.

After assessing whether Equity Release was the right option for them, Kevin explained the whole process and recommended a plan to suit their individual needs.

‘Kevin was a delight to work with. He is so kind and informative and made the whole process so easy for us. I recently contacted Kevin again as I had read that Equity Release interest rates had never been so low, and Kevin was able to change my old plan to a new plan with a lower interest rate and has saved me more money. We couldn’t speak more highly of him’

Mrs T would recommend taking out Equity Release to anyone who is property rich and cash poor as was her situation.

The bonus with a Lifetime Mortgage – the most popular type of Equity Release - is that the interest rates are low and can be fixed for the lifetime of the loan and you can choose not to make any repayments as was the decision of Mr and Mrs T.

‘It’s so lovely not having to worry about the money. We are now mortgage free, living in our same family home but now renovated and happy knowing that we have helped our children out financially too.’

If you would also like to benefit from Equity Release, contact Kevin Woods on 01489 454545 or kevin.woods@equityrelease.co.uk to arrange your no obligation free first consultation.

Typically there are no monthly repayments to make as the loan plus roll up interest is repaid when the plan comes to an end, usually when you or the last surviving applicant dies or moves into long term care.