Following a fall, Mrs Radford needed the use of a wheelchair and urgent modifications to the house were required. The narrow doorways and staircases at the Radford’s Cotswold home needed to be widened for Mrs Radford’s ease of movement.
The tax-free funds provided by the Lifetime Mortgage with drawdown facility, that Bower helped select, enabled Mr and Mrs Radford, who were in their late sixties, to make the essential modifications to their home, have a drawdown facility to help maintain their desired lifestyle and mitigate against the impact of Inheritance Tax.