To complicate matters further, they faced barriers many overlook: a limited ability to downsize due to their health, and the challenge of finding rental accommodation willing to accept their beloved cats. When they approached their original mortgage provider to explain their situation, they were met with a lack of support and rigid advice, despite years of hard work and loyalty to ensure their mortgage was always paid.
As the deadline to repay their mortgage loomed closer, fear and uncertainty set in. It was during this time that a friend recommended they look into equity release. They had never considered it before and knew little about the process.
After speaking to Gordon at Bower, everything changed.
“They helped me out in every way they possibly could.”
Bower took the time to explain all the options and involved the couple’s family in the decision-making process, ensuring everyone understood and supported the plan. The equity release not only allowed them to repay their mortgage in full but also left a small sum to clear other outstanding bills, easing day-to-day financial pressure.
“It was the biggest relief knowing we could stay in our own home.”
As both husband and wife were in poor health, stability and comfort were paramount. The ability to remain in familiar surroundings, without the stress of uprooting their lives, was invaluable, especially when the husband later passed away. Knowing she could remain in the home they had built their life in brought immense peace of mind.
“Without Bower, I don’t know what we would have done.”
Now, with the weight lifted and a renewed sense of security, she is keen to share her experience and has already recommended equity release, and Bower, to a friend.
“It was such a weight lifted off my shoulders.”
This case is a real-life example that, even in the face of seemingly insurmountable challenges, compassionate and knowledgeable advice can make all the difference. Equity release, when carefully considered with trusted professionals, can be a lifeline, just as it was for this couple.
