Equity release: A case study

Susan Reavell and her husband Steven released cash from their home, read their story

Equity_release__Case_study

Sandra Eke, from Sidcup, South East London, enjoys an active lifestyle and doesn’t plan on retiring anytime soon. Having had a rewarding career in social work, working as a probation officer and as a social worker before making the decision to have a change in career to become a personal trainer and nutritionist.

Advertisement

Sandra decided to look into equity release as a way to help her daughter and three grandchildren to find somewhere to live.

“My daughter has been going through a difficult time recently and was struggling to find a place of her own,” explains Sandra.

“When I decided to look into equity release, I spent six months researching the idea before I made the decision to book an appointment.

“I had looked into other companies however with Key I felt the adviser was upfront. She was honest and I felt that she looked after my needs.

“I felt the whole package was the best one for me in every way. If I wanted to repay the money, I could, without the penalty being too extravagant.

“The whole process was a lot easier than I’d expected it to be.”

When the money arrived in Sandra’s account, the first thing she did was help her daughter and three grandchildren to find a home, paying the first 12 months’ rent upfront.

Sandra explained, “I’ve decorated throughout the house, had a new kitchen and bathroom fitted and rather than do it myself, I paid for someone else to do it –it took away the stress”

“I was also able to take one of my grandchildren to Tenerife to visit my sister who lives over there.”

“I’ve already recommended equity release to some of my friends – in my view, you should enjoy the money whilst you’re still alive.

“I definitely felt I made the right decision and the whole process was spot on.”

If you would like more information on equity release and how it could help you, then simply call freephone 0808 208 5406 to request a guide or to arrange your free no-obligation consultation.

Lines are open Mon-Thurs 9am–8pm, Fri 9am–5.30pm & Sat 9am–5pm.

GET YOUR FREE GUIDE TO EQUITY RELEASE

Advertisement

If you are considering equity release we recommend that you read through Is equity release right for you?