Expert advice from StepChange Financial Solutions
With advice from Which? magazine, Katherine felt confident enough to contact us for further advice. It was important that she discussed her equity release options with her children, as it would affect the value of her property and any inheritance she might leave.
How a lifetime mortgage works
After carefully reviewing all of her options, and with the support of her children, Katherine went ahead with a lifetime mortgage which gave her a drawdown option releasing an initial cash lump sum and access to pre-approved further borrowing facility, should she need it in the future.
There was no need to make monthly repayments and the mortgage and accrued interest will be paid back when the home is sold.
Unlike other providers, our advice is completely free, and there are no hidden fees. Our advice is always unbiased, as our advisors don’t work to sales targets, receive bonuses or commissions.
Why Katherine recommends StepChange Financial Solutions
Katherine no longer needs to worry about her home now all the work’s been completed. She can focus on enjoying her retirement and spending time with her children and grandchildren.
“When someone is caring it makes such a big difference. That bit of caring is worth so much, and Richard provided it.”
Why you should choose us