HOW WE CAN HELP

Bryan needed a bit of extra money during his semiretirement as he wanted to update his car and take a trip to see his family in New Zealand. Bryan, a part-time delivery driver, decided to release some of the cash tied up in his home, with an equity release plan.

“My family have all got their own homes so don’t really need anything from me, but there will still be a bit left in my estate to pass on to them,” says Bryan, 79, from Blackpool.

“It seemed silly having so much money tied up in property.”

Bryan released £20,000 via a lifetime mortgage – a type of loan secured against his home. He doesn’t have to pay anything back until his home is sold, either on his death, or if he moves into permanent long-term care.

Bryan explains: “I wasn’t struggling with everyday bills,

I have my pension and earn a bit of cash from my part time work. But, I needed to get the cash together to replace my car and couldn’t see any other way of getting hold of a lump sum.”

“I couldn’t believe how easy it was to sort this out. I had everything explained to me in simple terms, spelling out all the pros and cons – so I knew exactly where I stood and the effect it would have on my estate. It was the best move for me.”

The Mirror Equity Release Advice Service, provided by HUB Financial Solutions Limited, offers readers the ability to release tax-free cash tied up in their homes.

It’s really easy to find out more and we’ll help you to decide if equity release is right for you.

As part of the service, your adviser will complete a free state benefits check to make sure you’re not missing out on anything you’re entitled to. They’ll also explain if equity release could affect your tax status or means tested state benefit entitlement as well as explaining how the value of your estate will reduce.

You’ll be charged an advice and arrangement fee of £1,100 if you take out a plan HUB Financial Solutions recommends. If you decide not to go ahead, there is nothing to pay.

Call us today on 0800 232 1307 to book your no-obligation appointment and to get your FREE guide to equity release.