Amersham & Chalfont's Together November December 2023
#Community publication hand delivered to 9,000 homes and businesses via Royal Mail distribution in Amersham, Chalfont St Giles, Chalfont St Peter and Little Chalfont. News and views from non profit organisations, communities, charities, schools, with features on health, food, lifestyle, financial and much more. Please email us with latest news to: marketing@amershamtogether.co.uk
#Community publication hand delivered to 9,000 homes and businesses via Royal Mail distribution in Amersham, Chalfont St Giles, Chalfont St Peter and Little Chalfont. News and views from non profit organisations, communities, charities, schools, with features on health, food, lifestyle, financial and much more. Please email us with latest news to: marketing@amershamtogether.co.uk
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Client Spotlight: The Positive Impact<br />
of Equity Release on Retirement<br />
A real life example of how Equity Release has helped our clients.<br />
Contact us for a complimentary consultation | info@hayesfinance.co.uk | 020 3126 4898<br />
In the world of retirement<br />
planning, one couple faced a<br />
daunting dilemma. The end<br />
date of their interest-only<br />
loan was fast approaching,<br />
and their lender presented<br />
them with limited options.<br />
The Problem.<br />
End date of interest only<br />
loan was approaching.<br />
Their lender would only<br />
allow a short extension or<br />
conversion to repayment<br />
which was unaffordable.<br />
Clients wanted to stay in<br />
the property for as long as<br />
possible but also wanted<br />
to retire in the next 2-3<br />
years and be able to move<br />
in older age.<br />
Clients had initial<br />
concerns over equity<br />
release option.<br />
These were based on<br />
their ability to repay loan<br />
and loss of inheritance<br />
for children with costs of<br />
compounding interest and<br />
early redemption charges.<br />
Our Solution.<br />
The value of property was<br />
£700K with a mortgage of<br />
£190K interest only.<br />
Working with the client,<br />
we looked at their<br />
current estate planning<br />
and flexible products<br />
which allowed interest<br />
payments, overpayments,<br />
and offered the ability<br />
to move to any property<br />
without any Early<br />
Redemption Charges.<br />
A Lifetime Product was<br />
secured at 3.23%. This<br />
was affordable monthly,<br />
even into retirement. This<br />
could also be stopped at<br />
any time and allowed to<br />
roll up if the cost ever<br />
became prohibitive.<br />
Could Equity Release<br />
Help You?<br />
If you’re at a financial<br />
crossroads in your retirement<br />
planning, let us be your guide.<br />
We specialise in tailoring<br />
equity release solutions to suit<br />
your needs. Whether you want<br />
to supplement your retirement<br />
income, address looming<br />
mortgage deadlines, or protect<br />
your legacy, we’re here to help.<br />
Speak to us and explore how<br />
equity release can unlock a<br />
more comfortable and secure<br />
retirement for your future.<br />
Kieran Hayes<br />
Director at Hayes Finance<br />
info@hayesfinance.co.uk<br />
020 3126 4898<br />
Registered in England and Wales number: 05008367. Not registered for VAT. Hayes Finance Ltd is Authorised and Regulated<br />
To advertise by the Financial please Conduct call 07786 Authority 735 (FRN 711 or No: email 485955). marketing@amershamtogether.co.uk 27
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