Boosting your income, pension or savings
Did you know there has been a 6% increase in over 55 year olds who are considering taking out a lifetime mortgage?*
In a recent study it’s been found that the increase of those considering a lifetime mortgage have had primarily two reasons for their change of heart on the subject.
The first reason is that some people have come to the realisation that life is too short, and as result see equity release as a way of funding things they’ve always wanted to do.
The second reason relates closer to those who have been impacted financially due to the pandemic, or have family, and as a result are considering a lifetime mortgage as a way of boosting income, pensions or savings.
There are so many reasons you could be considering a lifetime mortgage, but it’s always worth discussing your options with those who can help you understand the process each step of the way.
*https://www.financialreporter.co.uk/later-life/covid-19-sparks-rise-in-over-55s-considering-equity-release.html