When Derek and Sylvia retired things seemed fine at first but it quickly became apparent that their pension would not be sufficient to meet their commitments whilst enjoying the lifestyle that they had looked forward to leading in retirement.
Derek spent a lot of time worrying about the mortgage and credit card debts that they had brought into retirement and, now that their income was fixed, the repayments seemed to take up a greater proportion of their income than before. They spent a lot of time talking to their financial adviser about how to bring order to their finances.
The couple’s decision to take out an equity release plan has allowed them to increased their available monthly income by removing the repayments on their mortgage and credit cards and they now have more money available to use to enjoy their retirement to the full. Sylvia is happy that the children should still stand to gain some inheritance whilst seeing their parents enjoy their retirement.
To contact Just Retirement Solutions Limited, and to order a copy of the DVD featuring Jean and our other case studies, please call us on 0800 015 0993 (Mon-Fri 9am-5pm), or
e-mail us at jrsappointments@justretirement.com.
Advice is with no obligation and an administration fee of £749 will only be charged if you take out a plan.
Equity Release may involve a lifetime mortgage or home reversion plan. To understand the features and risks, please ask for a personalised illustration.
This example case study has been inspired by testimonies of customers who have used the services of Just Retirement Solutions Limited.