Over 55 later life lending to help family or friends

If you don’t have the means to financially support your children, grandchildren, friends or loved ones in retirement, an over 55 equity release plan could be the solution

Whether it’s to pay off school or university fees, fund a new business venture, or get your children onto the property ladder, equity release could be the solution.

Later life lending plans, such as Lifetime Mortgages, Home Reversion or Retirement Interest Only mortgage (RIO) plans, can enable homeowners over 55 to access the value in their home to help their loved ones with the support they need if there are no other financial options available.

Later life lending schemes have an option to make interest payments on a mortgage, helping to protect the value of your home for your family to inherit in the future.

Over 55 later life lending to help family or friends

If you don’t have the means to financially support your children, grandchildren, friends or loved ones in retirement, an over 55 equity release plan could be the solution

Whether it’s to pay off school or university fees, fund a new business venture, or get your children onto the property ladder, equity release could be the solution.

Later life lending schemes have an option to make interest payments on a mortgage, helping to protect the value of your home for your family to inherit in the future.

How later life lending schemes can help

Equity release as gifting can be used to support:

If you’d like to find out more about how our tax-free equity release products can help provide financial support to a loved one, book an initial, no-obligation consultation to speak to one of our specialist advisers today.

“I wanted to release equity to provide funds for my grandchildren’s future as a form of inheritance tax planning and 55Plus helped me do this. Our adviser explained everything to me; I myself am an accountant, so I was already aware of quite a lot of what she was going to tell me, but nevertheless it was good to have my thoughts confirmed and the various possibilities and pitfalls explained to me. We very quickly got on well with the 55Plus adviser and they then supplied us with quotes and recommendations and we eventually made our choice.

I would recommend 55Plus to others. I was fully satisfied with the service I got and have absolutely no reason to doubt that they would provide anyone else with anything but a first-class service.”

KB

Successful over 55 equity release mortgage applicants

Harpenden, Hertfordshire

Over 55 later life lending to help family or friends

If you don’t have the means to financially support your children, grandchildren, friends or loved ones in retirement, an over 55 equity release plan could be the solution

Over 55 later life lending to help family or friends

How later life lending schemes can help

Equity release as gifting can be used to support:

KB

How much could you borrow?