The following checklist could be useful to identify clients who are homeowners, aged over 55, and for whom raising funds against their home may be of interest:

Interest-Only mortgages
Some could be approaching the end of their standard mortgage term, with limited choices to repay the full loan, and are looking for options.

Gifting and Tax planning
Those that may want to remain in their home, but wish to see family and friends benefit now from financial support, whilst they’re still alive. And, hopefully, are healthy enough to survive a further 7 years, once gifted.

High-Net-Worth clients
Particularly those that have most of their asset value within their home, and want access to funds.

Managing bills and debts
For some, it may simply be finding a way to overcome the steep rise in the cost-of-living.
 
Care needs
Those that may need to plan ahead if they feel their health might be deteriorating.

Special treat
Those clients who wish to have, for example, a holiday-of-a-lifetime, or to buy the car of their dreams.

Home improvements
Some clients could be very keen to improve their existing surroundings.

Home purchase
Some clients might need funds to help move to a more suitable property for their retirement years, or want an extra home in the sun.

Extending a lease
A short lease may create numerous problems and make a property less viable to borrow against, sell, or purchase. A Lifetime Mortgage may possibly provide a solution.

Please contact me to hear more…