Using Equity Release to purchase a property

I’ve just been to see some clients in their 70s who are using equity release to help them to purchase a property.

They’re moving to a different area where property prices are higher than where they currently live.

They are super excited to be moving to their new dream home which wouldn’t have been possible without taking out a lifetime mortgage to make up the difference.

People often don’t realise that you don’t already have to be living in the property to enable you to do equity release

As long as it will be your main residence from the start of the lifetime mortgage then that’s absolutely fine

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