🔍I recently helped a lady exploring her options.
🏡Her idea was to release funds to gift to her son to reduce his mortgage even though he didn't need it as he could afford his mortgage.
💡 I explained the interest rate would be around 5.36%, and even though is a great rate fixed for life, if her son’s mortgage was at a lower rate and he could afford his repayments It would not make financial sense to do equity release.
🤝My commitment is to guide you honestly.
🚫If Equity Release isn't suitable for you, I'll tell you.
🌟If it is, I'll research the market for the most suitable plan tailored to your needs🔍
This is a lifetime mortgage. To understand the features and risks ask for a personalised illustration. Check that this mortgage will meet your needs if you want to move or sell your home, or you want your family to inherit it. If you are in any doubt, seek independent advice.
A fee may be charged for mortgage advice, the exact amount will depend on your circumstances.
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