Over 55 equity release to finance a holiday of a lifetime
The world really could be your oyster with equity release – in fact it’s the second most popular reason for a home revision or lifetime mortgage*. After all, you’ve worked hard all your life, so now’s your time to enjoy yourself.
Whether you have children or grandchildren who have emigrated to distant shores, want to explore difference cultures or fancy a luxury cruise, equity release could be your passport to your dream holiday.
*Source: UK Equity Release MARKET Monitor, Q1 2017
Case study: Dream holiday
Our client, a widower in his 70s with no children, wanted to fund a cruise each year to visit places he’d always dreamt of seeing. As he had no savings to achieve his dreams, he took £15,000 to treat himself to a first-class cruise to the Caribbean and had a further £100,000 facility available to draw as and when he liked for future holidays.
We did it!
We used equity release to go on our dream holiday
‘We had work to do on the house as we wanted to do up the conservatory, as well as going on a big holiday to New Zealand, which was a big family trip. So, we decided to release some equity to pay for it. We’d never done it before and 55+ Equity Release made it really easy for me. Our adviser explained everything really well so that we were both happy and described all the pitfalls involved with releasing equity – which was really nice because we knew she was being transparent; we really trusted her. She made the whole process flow and answered any questions I had really quickly. She really just made the whole experience easy.’Anne and John Smith, successful over 55 equity release mortgage applicants, Walderslade, Medway, Kent