This example case study has been inspired by the testimonies of our customers.
Harry and Eunice took financial advice on how they could stay in their home and maintain their lifestyle by releasing some of the value from their home.
Harry and Eunice were initially concerned that when they retired they felt they had lost control of their money. They considered equity release a few years ago and were advised that, with the assets they had available, that it wasn't quite right for them at that time.
On the recommendation of their financial adviser they reviewed their circumstances and it was agreed that equity release was now an appropriate solution to their needs.
Watch Harry and Eunice's film
Staying in their own home was a priority Eunice has seen her friends become unhappy when moving home and ‘down-sizing’ - which often meant moving out of the local area - and being able to stay in her own home was a priority.
They have both always been happy where they live and, with the money that is now available to them under a flexible equity release plan, Harry and Eunice have control over their finances and are able to continue living in their home, in an area where they are happy and comfortable.
Equity release may involve a lifetime mortgage or home reversion plan. To understand the features and risks, ask for a personalised illustration.
Useful links Frequently asked questions
Uses of equity release