‘We will have 7 years of retirement that we wouldn’t have had’

Ian, 60, and Julie, 62, have lived in Coventry for 40 years and were looking for a financial solution that ensured they could enjoy an early retirement in their much-loved home. After years of seeing TV adverts, they realised equity release could be the answer.

‘We requested a guide and made some further enquiries over the telephone,’ Ian explains. ‘I think most people have concerns about whether they are doing the right thing when they have spent their whole working life focusing on buying a house and paying off the mortgage. Are the company reliable? Is there a catch? But we felt assured by our advisor and they didn’t pressure us into moving forward until we felt comfortable to do so.’

Julie went on to say, ‘We wanted to use the money to support our income. The Covid pandemic really convinced us that we should take

the opportunity to do the things we wanted to do, while we are still young enough and well enough to do them.’

Both Ian and Julie are now retired and using the money they released to give themselves a monthly income. ‘Doing this has meant that we will have seven years of retirement that we wouldn’t have had, and the money will replace our salaries until we get our state pension.’

‘We think equity release is an option worthy of consideration, and will depend on individual circumstances, which is actually what our equity release broker were keen to point out. In our minds, we would say that we believe it was the right decision for us and has given us a precious opportunity to spend time together doing the things we want to do.’