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Ditch the DIY: Equity Release Funds Home Improvements

The UK is a DIY mad country, with men and women of all ages more than willing to have a go at home improvements: whether qualified to do so or not. However, it is estimated that correcting DIY mistakes costs UK citizens hundreds of millions of pounds every year. Improvements around the home are obviously welcome, but with the time and energy — and money — needed to do them properly and put right the errors that so frequently occur, it seems the best course of action is to call in the professionals from the start. But how can home improvements be funded if the homeowners in question are living on a pension?

Releasing Cash to Improve the Home — the Professional Way

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Supporting the Family with Equity Release

With the Chancellor George Osborne announcing that there is to be a cut to child benefits, many families will soon start to feel the pinch. If helping your family out financially is something you feel strongly about, you are aged over 55 and you own home, a lifetime mortgage or home reversion plan could be worth investigating as both allow the release of cash from a property to spend on absolutely anything desired and in fact one of the most popular uses of equity release is to help out the family. …

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How Equity Release Can Help Improve Life in Retirement

The last thing you should do once you have retired is sit around the home worrying about money, feeling like you can’t do all the things you always dreamed of doing in retirement. Wouldn’t it be great to get your hands on thousands of pounds that you could use to do things you never had the opportunity to do during your long years of work? Well with equity release, this dream can become a reality! …

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A Way of Borrowing in Retirement

Although the so called austerity measures announced by the Government are designed to cut public spending and get the economy back on track, the reality is the average homeowner is still facing serious financial difficulties even before the inevitable cuts come into force; especially those in retirement. Banks are still not lending and they are fearful that people will default on their loans. But what is the solution? One ever popular option for those over 55 is equity release. …

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Financial Solutions Not Far Away With Equity Release

Money experts agree it’s not always easy to make ends meet these days, but for many homeowners there could be a solution: it may be possible to free up tax free cash from a property by making the most of an equity release plan. If you qualify for a home reversion plan or lifetime mortgage you may have a golden opportunity to gain a financial boost in retirement. It may be that you’re looking to consolidate some existing debts on loans or credit cards perhaps, or maybe you are hoping to give a helping hand to members of your family who could do with a bit of extra help. …

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