How we can help the coronavirus economy
3 June 2020
The changing shape of Britain’s economy
It’s hard to know just how deep the consequences of the coronavirus crisis – and the necessary social-distancing measures – will be. The Work & Pensions Secretary, Thérèse Coffey that “We should be prepared for the unemployment rate to rise significantly” as the Office For National Statistics reported that the number of job vacancies being advertised from February to April 2020 was down 20% on the previous quarter, while the UK Gross Domestic Product (national output) fell by 2% in the first quarter of the year, the largest fall since the financial crisis of 2008.
Quite how deep the inevitable recession will be will depend on many factors, but one thing is clear: the impact for both the economy and households is likely to be felt for years to come.
Helping you achieve financial peace of mind
Challenging circumstances mean many of us will need to rethink how we manage our finances, including cutting back, rationalising our spending and potentially accessing finances that we may not have needed before.
If you, or a loved one, are struggling financially, we may be able to help. We’re experts in helping people aged 55 and over access the wealth that’s tied up in their property. For many, it’s a helpful solution to ease day-to-day finances or to support a loved one during a difficult time.
But we operate on strict values; central to our philosophy is that we always put our clients’ needs first. We will only ever recommend an equity release product if we think it’s right for you and your personal circumstances. Even in these difficult times – especially in these difficult times – there are other options to consider, and we will always make sure you have weighed these up before you commit to a loan on your property. We will also put you in touch with other trusted professionals who may be able to help you find the right financial solution, if we feel there may be more appropriate alternatives.
We’re pleased that we can help those aged 55 and over achieve financial peace of mind – for themselves and their loved ones – in these difficult times. We’re here to help you achieve the best financial outcome for you and your loved ones – even if that means steering you to a solution other than equity release.