Ipswich Financial Adviser

At Thompson Financial Consulting we often get contacted by potential client’s interested in Equity Release or Lifetime Mortgages as they can be know.

It is surprising when we ask questions, that many of these people do not know how much money they may need or require. If you are considering Equity Release then you need to look at what your current and future needs may be.

If you only need a small amount of money to start with, but you may need more in the future, the best plan is to take what you need and then release further money from your property when you need to. Many of the Equity Release providers will set a limit up to the amount you can draw out. This means you can plan your withdrawals when you need them rather than take all the money immediately and then have a larger amount of interest adding up against the debt.

By taking the right amount of money when you need it, you will potentially preserve more of the equity in your property to pass to beneficiaries, when the time comes.

If you need any help or advice with regards to Equity Release then please contact the Thompson Financial Consulting and we will be happy to help and give you the right advice.