As I sit at my computer in splendid isolation, working from home during this difficult time, I have been reflecting on the pleasure my wife and I get from the apartment we downsized to eleven years ago. Made even better with hardly any planes flying out of Luton airport, meaning we can for once hear the birds singing!
We downsized at an early age and are now so pleased that we did, the thought of thirty trips to the recycling centre at our age is very daunting! Of course, for many there is an emotional attachment to our home. Being where the family was raised, maintaining space for the grandchildren and loved ones to visit or simply loving where you live.
So, if you don’t want to downsize but would like to get an extra income in later life to fully enjoy retirement or to pass on money to your children, what can you do?
At Lyndhurst we are members of the Society of Later Life Advisers, SOLLA, and advise our clients on how they might achieve their financial goals both before and after retirement. One of the solutions we are licensed to advise on is equity release, a means of taking money out of your home without having to move.
There are several different equity release solutions that we can use depending on your circumstances and objectives and as independent financial advisers you will be able to discuss your requirements with one of our qualified advisers ensuring you get the best possible advice considering all of your options.
As Martin Lewis commented on a 2018 interview with GMTV ‘always consider downsizing first but if you don’t want to do that then equity release is well worth considering’.
During this pandemic we are mostly working from home but are still able provide our clients with the excellent financial advice we are known for; our telephone number is 01582 715777 or 01462 441100. Or you can contact us via our contact form.