How can I use the money I release?
If you’re thinking about releasing a cash lump sum, you might already have some exciting plans in mind. Here are just a few of the ways that our customers use the money they access through later life finance: Pay off debts If you have an existing Gift money to family Help the children or
mortgage or secured loan, you must pay that off first which can be done by using some of the funds from your equity release. After that, you could clear other existing debts such as credit cards or loans. Any extra money released can be used for something else like the examples below. You should always think carefully before securing a loan against your home to repay existing debt.
grandchildren with a house deposit or contribute to a
Boost your retirement pot Make your retirement even more comfortable with a bit of extra financial security from a cash reserve to act as a safety net for upcoming expenses if your pension pot isn’t as big as you’d like.
Home improvements Renovate your home or garden or make adaptations to better suit your needs as you enjoy your later years.
dream wedding. Replace the car
Upgrade your car, or maybe even invest in a caravan or motorhome to explore and enjoy life on the open road. Go on holiday Take that holiday of a lifetime or finally visit relatives who live abroad.
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