Bristol and West FS present later life lending which gives clients access to lifetime mortgages or equity release.
The top 5 ways people choose to spend their tax-free cash
from later life lending.
1) Paying off your mortgage
Later life lending can help with Debt in retirement, nearly one in five persons are retiring with an average of £33,900 debt still to pay off. To solve this, many are turning to equity release to help them live a debt free and comfortable retirement. In fact, it is the most popular reason for releasing equity from their homes and to help them have a stress-free retirement.
2) Making Home improvements
More and more people are wanting to improve there home rather than move home whether its an extension for the grand children or a major overhaul of the garden people are choosing to release tax free cash for home improvements.
3) Helping your loved ones
Being able to see early inheritance has on your loved ones would be an invaluable experience. Especially releasing equity to help their loved ones with milestones moments, for example, going to university or getting onto the property ladder. Helping your loved ones is another popular reason for releasing equity and we can see why.
4) Living a planned retirement
Having a plan for retirement is important, yet in life the unexpected can often eat into your retirement savings. Equity release can help to solve this by releasing cash from your home, helping you to live out retirement the way you intended and with less worries.
5) Seeing the world
Have you ever dreamed of travelling the world but never found the time or money? Retirement could be the perfect opportunity to escape to some beautiful corners of the globe. Whether for a holiday of a lifetime, or a long cruise, seeing the world remains a top reason for releasing some of the tax-free cash from your home.
Equity release is not suitable for everyone and therefore it is vital to take unbiased advice Click Here