Why not finance yours?
You too, with the sole motivation of building an leaving a legacy, also multiplying your available cash, can use the funds accumulated in your home's equity to make the most out of lucrative investment opportunities that may come your way.
Don't forget to consult your professional financial advisers at SovereignBoss before you risk your equity on investments.
#7. Help Your Friends and Family
The financial crisis and other present economic challenges have motivated people to change and improve the quality of their family's lives.
You can do the same...
An equity release plan, notably a home reversion plan or a lifetime mortgage can get make available the funds needed to assist the generations after you to get onto the first step of their housing ladder by using the capital you give them as a deposit.
Using an equity release to access the funds valued in your home can help turn your fantasies into reality and enable you to pursue your dream holiday.
#9. Increasing Your Income
Most times your pension won't enable you to meet all your needs, but an Equity release can bolster your pension funds by increasing available funds to make your life way more comfortable and sustainable than it is.
#10. Purchasing Another Home
Most people may merely dream of owning over one home.
And just imagine:
You will bring those dreams to life by using an equity release plan to invest in a second home. Another great alternative is to purchase a buy-to-let property and utilise the excess rental funds to supplement your pension.
#11. Buy Your Partner Out
Over recent years, the divorce rates in the UK have been spiking. There are now numbers of over 100,000 couples trying to overcome the challenges of how to divide their assets.
And that’s just one side of the story…
When nobody can afford to buy the other out; some people may opt to sell the house and split the proceeds. However, if you don't want to go through selling the home, utilising an equity release turns to be the perfect option to source funds to buy your partner's half of the property.
Not only will you be able to buy your partner out, but it will allow you to secure some cash, thus reducing the stress that the divorce may bring on you.
You might feel that you're lagging regarding technological progress and world civilisation; an equity release will help you get more modern devices and accessories to ensure that your life remains up to par even in old age.