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 ER. With plans to pay off their 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. We didn’t want a mortgage hanging over us any longer and we also wanted to gift some money to our children, so releasing equity from our property seemed like the perfect solution.’

After researching local 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 found them 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 was property rich and cash poor as was her situation. ‘Equity Release is just the same as a mortgage really, so we are comfortable with the whole idea.’

The bonus with a Lifetime Mortgage – the most common form of Equity Release - is that the interest rates are the lowest they have ever been, fixed for the lifetime of the loan and you can chose 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 the financial freedom Equity Release could also give you, contact Kevin Woods on 01489 454545 or kevin.woods@equityrelease.co.uk to discuss your ideas without fee or obligation of any kind.