A new client has bought a residential property but is £130,000 short and cannot get lending from a bank.
Equity release is the answer as this type of loan is based on the property value, not income or what the computer says the client can afford.
Mr A is borrowing the full £130,000 and will not be making any interest payments. He says he wants to ‘spend my money’ and not worry about paying interest.
If you want to plan for your future care, or that of a loved one, and think that our equity release service could be of use to you, please contact us today on 01277 620083 or email firstname.lastname@example.org.