The solution we came to was to release a portion of Sarah’s home’s equity. This was brought about through a series of discussions as our experts grew to understand her wants and needs, finding a solution that was right for her.
1. Initial Consultation
The first step was to understand what Sarah’s needs were. We discussed her situation, and attentively listened to her concerns. Through this, we identified her desire to maintain the ownership of her home and got the full picture of Sarah’s love of travel.
We went on to discuss possible ways to secure additional funds for her travel expenses, without changing her home or lifestyle. This included exploring income in retirement and different ways to release her home’s equity.
2. Customised Solution
Once we understood the full picture, our team began work on crafting Sarah’s tailored solution. We settled on a lifetime mortgage plan – it would allow her to reclaim a portion of the equity in her home, keeping ownership of it while preventing the need for monthly payments.
This plan would help support Sarah’s financial security, her love of travel, and her rising healthcare costs.
3. Mortgage Process
Sarah was excited to implement her solution and couldn’t wait to get back out into the world and continue travelling.
To aid her on her journey, we helped guide Sarah through the lifetime mortgage process. We handled the paperwork, liaised with the lenders, and made the process as seamless and stress-free as possible.