It seems the newspapers are constantly reporting about waiting lists for medical care these days, which is why many people opt to go private for some treatments.
Waiting lists for knee operations, for example, run into many months, but those who can afford to use a private surgeon can be seen in a matter of weeks, or maybe even days. If you’re waiting at the back of a long NHS queue at the moment but don’t have the income or savings to fund a private operation, and you own your own home and are over 55 years of age, you may wish to consider equity release.
Cash for Medical Care
A growing number of people are choosing to release some of the value they’ve built up in their homes to pay for private medical care so that they can receive their treatments or operations much more rapidly. Courtesy of a lifetime mortgage or home reversion plan, cash can be released either as a lump sum or as a reserve fund that can be drawn upon as and when required, and this cash can be used to pay the medical bills. And as the cash can be spent on literally anything, you could even use some of it to take a well deserved holiday to aid your recuperation.
An independent equity release adviser will provide you with advice and guidance as to the right plan to choose and will make sure it is the right course of action for you.
Equity release may involve a lifetime mortgage or home reversion plan. To understand the features and risks, please ask for a personalised illustration.
Bower is an FCA regulated independent financial advice company that offers specialist advice on equity release throughout the UK. For more information email [email protected] or call 0800 4118668.