Wealden Times | WT263 | April 2024 | Garden Supplement inside

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No two funerals are the same....
Wise words from the Good Funeral Guide:
"We think that a good funeral director is the kind of person you are drawn to for their warmth
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the care of the person who has died".
www.albany-funerals.co.uk
669 Loose Road
Maidstone
ME15 9UX
Tel. 01622 746688
Here to help 24/7
1 New Street Farm
Chilmington Green Road
Great Chart
Ashford TN23 3DL
Tel. 01233 650746
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Never too old for a mortgage
ore and more people are looking at
Equity Release as a potential financial
Msolution, however, there is still scepticism.
Local Adviser, Sarah Ferrell explains, “The bad
press that many of the original schemes received
still makes some people wary, however the plans
of 40+ years ago bear very little resemblance
to today’s flexible and highly regulated plans”.
“Another contributing factor is stigma”, says
Sarah, “Many people feel that when you reach
a certain age you shouldn’t be borrowing
money. Given everything that our current
60-70 year old generation has experienced,
this is a somewhat outdated perspective. It
is very rare nowadays to find someone who
is retired, on a final salary pension, ‘living the
golden years’ with no financial pressures.
Life has changed, and life is expensive.”
“One reason there are so many Lifetime
mortgage options, is that there is a huge
demand for finance in retirement. This is
not, predominantly, due to financial missmanagement,
but more due to unfortunate
and unexpected circumstances:
• A huge number of people who were
expecting to retire at 65 are now unable
to claim their State Pension until 67/68.
• Parents have used savings to help their
children with deposits for properties as it is
SBIWT244.indd 1 27/07/2022 11:26
expensive for First Time Buyers to buy without
some help from the ‘bank of Mum and Dad’.
• Many people have Interest Only mortgages
that need to be repaid where there
are no funds to repay the debt.
In short, times have changed and Equity
Release can be a welcome, safe and flexible
solution for many who, maybe unexpectedly,
need finance at a point when the High
Street banks are no longer able to help”
What are the main reasons why
people consider Equity Release?
Some typical reasons include:
• To repay an Interest Only mortgage
• To fund home improvements
• To gift to family
• To fund lifestyle expenditure: car/holiday etc
• To supplement income/cover
general lifestyle costs
With so much choice available impartial,
professional advice is certainly recommended.
With over 28 years’ experience in finance,
Sarah takes pride in the time and care she
takes with her clients. She is happy to visit
your home, chat by phone or via video
conference to provide a free consultation.
Sarah will offer flexible times to suit her clients.
ADVERTISEMENT FEATURE
Call Sarah on
01622 631372 or 07789 007447
or e-mail her at
sarah@ferrellfinancial.co.uk
You may find answers to
some of your questions at
www.ferrellfinancial.co.uk
Ferrell Financial Limited is an Appointed Representative of The Right Mortgage Ltd, which is authorised and regulated by the Financial Conduct Authority.
This is a lifetime mortgage. To understand the features and risks, please ask for a personalised illustration. Check that this mortgage will meet your
needs if you want to move or sell your home or you want your family to inherit it. If you are in any doubt, seek independent advice.
There may be a fee for mortgage advice. The precise amount will depend upon your circumstances.
Ferrell Financial Limited is authorised and regulated by the Financial Conduct Authority. Registration number: 678768
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