Your family may need your help to get onto the property ladder.
According to a National Housing Association report featured in the Daily Express of 18th July 2006, “House prices are due to rocket by more than 50% in 6 years, and by 2012 the typical home is likely to cost almost 10 times predicted annual salaries”. The report goes on to say “First time buyers will find it impossible to get conventional 25 year term mortgages and young working couples and people on low incomes, will have little chance of fulfilling their home ownership dreams without financial support from parents.”
Property has been a good investment for you and should you need any further justification for releasing some of this accumulated equity, why not release some of it to help younger generations by giving them an additional deposit when they need it most.
If the predicted growth in house prices materialise, this will of course help reduce the net cost of having released equity in your own property.
“Equity release” includes home reversions plans and lifetime mortgages . To understand the features and risks ask for a personalised illustration.
The equityRelease Centre 8a Richfield Avenue
Reading
Berkshire
RG1 8EQ
Tel: 0118 958 8810
The equityRelease Centre is a trading style of Advice on Money which is an appointed representative of Sesame Ltd, which is authorised and regulated by the Financial Services Authority. Sesame is entered on the FSA register (www.fsa.gov.uk/register/) under reference 150427.
The information contained in this web site is for general information only and is not financial, investment or tax advice. It is also subject to the UK regulatory regime and is therefore restricted to consumers based in the UK. If you would like to discuss a particular issue or generally ask us how we can advise on your particular situation then please contact us.
For researching and arranging the best scheme for you, we will make a charge. This can be paid either by you as a fee, usually 2.5% charged on completion with any commission received from the lender refunded to you, or a combination of fee and commission, usually 1.5% fee charged on completion and 1% commission received from the provider.
Please read our Privacy Statement before sending any enquiry form or email to us.
