Mrs G & Mrs K had lived in their home for many years. Having now both retired they had looked at downsizing to a more manageable property, freeing up some money in the process to allow them to enjoy retirement.
However, their property search was in vain and they were unable to find a suitable property within their preferred budget.
After a number of discussions with us we were able to secure them an excellent Lifetime Mortgage on their current home, enabling them to release £150,000 to use towards their retirement plans. All whilst remaining in the house which they had made their home, and in the area they had grown to love.
With their new mortgage fixed for life there was no concern of rising costs, and without the need to make any monthly payments, they could make the most of their pension incomes to enjoy life as planned.