Lifetime Mortgages and Later Life Planning
Preparing for later care
An ageing population in the UK has caused the need for later life care to increase dramatically over the last few decade. The cost of care can be significant, with the average weekly cost of residential care currently £704 in the UK.
Whether you want to make provisions for the future you or have a family member in need of immediate care, our Financial Planners will help you put a strategy in place to fund the costs of care. We will help you assess your current financial position, understand what you are entitled to in terms of support from the government and ultimately how to utilise your assets to fund care costs in the most efficient way.
An ageing population and increasing home values over the last 30 years have led to an increase in family’s releasing equity from their homes. There can be a host of reasons for the need or desire to release equity from your home, be it funding later life care needs, repaying existing debt, gifting to family or just seeking to improve your quality of life in retirement.
There are a few ways to release equity from the family home and each one has their benefits and draw backs. Our advisers can help establish the right the solution for you
Use of other assets/investments
Retirement Interest Only-Mortgages
our other services