As an equity release expert committed to educating lawyers UK-wide on the best ways to deal with Equity Release matters (have I mentioned my published book on the topic?), then it's no wonder any article on the same subject catches my attention.
This one makes for a fascinating read. There seems to be a deep-rooted desire in all parents to help to their children. Given British society's obsession with property ownership, then helping your children on to the property ladder is becoming a more common way to show your parental support.
Often this was only for those funds to gift their children, which naturally restricted such help to the more affluent members of the Country. The advent of Equity Release and other financial products allows people to have another option.
For help with Equity Release mortgages and all things property, the team at Dutton Gregory Solicitors are here to help.
Email firstname.lastname@example.org now to get the ball rolling (or in this case, the bank open).
Family members taking out equity release helped 46 first-time buyers a week onto the housing ladder in 2018, Canada Life Home Finance has found. The company estimated that one in 34 (2.9%) of the 82,791 equity release customers in 2018 used the money to help first-time buyers secure a home. Alice Watson, head of marketing and communications at Canada Life Home Finance, said: “The equity release market continues to grow, as more people approaching or in retirement become open to the benefits these products can offer them and their families.