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26th Jun, 2022

Are You Having Financial Issues? Here Are Reasons Why Equity Release Could Be Your Financial Saviour

Worcester Editorial 8th Oct, 2021

It’s no secret that for many people, the cost of living is getting higher and higher. With this in mind, it’s important to be aware of your financial situation and make sure you are doing what you can to ensure a comfortable future. One way to do this is by planning ahead with equity release solutions – which could be your financial saviour.

Equity release is a way to unlock your assets and use them as collateral for an income stream to achieve your desired retirement lifestyle. In this article John Lawson, an Equity Release Expert from sovereignboss, will explore the following reasons why equity release could be your financial saviour: it can provide cash now or later; it offers lifetime income without monthly payments and more!

Live Your Retirement the Right Way: Consider Equity Release

As a homeowner, it can be difficult to know what your options are when you need to pay for medical expenses or other living costs. Equity release is a common solution that may help. Read on to learn more about this financial option and how it could potentially benefit you in the future.

1. Home Renovations

The equity release market is a great way to fund your home improvement needs. This type of financing allows people who are aging without the ability or desire for retirement savings and has allowed them flexibility in how they use their money as well.

2. Medical Expenses

Retirement is a difficult time for many people. It’s often when they need the extra help, and in some cases, it can be their only option left to afford what life offers them. Equity release is a useful way to access your home and pay for medical expenses at the same time.

3. Paying Debts

One of the best ways to pay off debts and start a fresh future is with equity release. This option allows you to take your cash, but still own some assets in return for an amount

equivalent or less than what was borrowed on those accounts; this ensures that if anything were ever seized from creditor payments should continue without interruption while also providing peace of mind.

4. Helping Your Loved Ones

When you’re ready to retire or are preparing for the future, it can be a relief knowing that your children will not have as much debt. For some parents who want more control over how they spend their retirement years and don’t need financial help with living expenses from home at an early age, equity release might work well on behalf of them.

5. Investments

You will be amazed to know that equity release money can also be used for investment. There are many people who have invested in property and shares with the help of their parents’ home loan, or other sources. The idea has gained popularity because they want more control over how much interest rate is paid on these loans.

Equity release has been shown to be a viable option for retirees who are struggling with their financial situation. Consider equity release as an alternative to other more costly options like the sale of your home or borrowing money from family and friends. It’s an excellent way to preserve the value of your home. It can be used for many different reasons, but one thing’s for certain – equity release could be your financial saviour!

If you want more information on how this product works or are interested in finding out if it would work for you, contact a financial advisor to answer your questions.

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