Keller Williams UK

3 Ways That Equity Release Can Transform Your Retirement

by Nov 4, 2021UK Property News

3 Ways That Equity Release Can Transform Your Retirement

As a retired person, you may be looking for ideas to augment your financial security. In such a case, a home equity release is a great option. If this option is used correctly, it is a compelling resource for retirees who are also homeowners.

We have outlined three ways in which equity release can assist in converting a dull retirement into a house full of excitement.

It’s All About Flexibility

Firstly, equity release comes with the advantage of financial flexibility, which is a great way to make the most of the equity that has built up in your home with time. This way, you can leverage your house’s value without selling it away.

 

Furthermore, as opposed to a conventional home loan, there is more flexibility regarding the payment terms. Usually, no payments are sought till you are set to leave your home permanently.

An Extra Source Of Income

Is there a lack of a constant flow of income in your life? Is that beginning to impact your lifestyle? No matter the amount of money you have saved and other retirement accounts, losing that regular monthly income can be pretty depressing.

Thankfully, this can be altered with equity release. The money received can be leveraged in any way that you desire. That is, you can renovate your home, enjoy a good holidays, buy stocks, or allow it to stay in your bank account.

Essentially, it functions as a valuable ‘bridge’ income source, making sure that life’s various expenses are handled with ease.

A Contingency Fund, Just ‘In Case’

Lastly, equity release is an impeccable contingency fund. If this is taken out as a line of credit, you can make use of the money if and when required. Several retired people do not possess a financial ‘safety net’, and thus, they face several issues because of unexpected expenses.

In the case of equity release, you can enjoy a good sleep, utterly aware that you have emergency cash if required.

Clearly, leveraging equity release can function as the catalyst that assists in taking your retirement to another level. We have equity release partners ready to help.

Get in touch today at 01277 564022 or kwplus@kwuk.com and learn more about this option. We will be happy to explain the advantages of equity release for you and your family.

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