Release cash now – but in the right way!
If you have clients wanting to free up some capital from their property, then now is probably the best time to do it. Some leading economists say property prices will fall by 20% by the end of next year, before slowly recovering over the next four years. Here’s what they say about people looking at using their homes to raise funds:
- “If they plan to use the equity in their property, they’d be better off acting now or be prepared for the long haul and wait until prices recover.” *
- “There’s a tremendous amount of uncertainty at the moment. If they are already thinking of raising cash from their property it would be better to do it sooner rather than later.” **
And, in today’s market, you’ll want to look very carefully at all the equity release options on offer. Because, when considering your client’s individual circumstances, such as State benefits and other important issues, you’ll need to provide them with a recommendation for the most flexible product available.
If you find these tips helpful or if you have any interesting equity release case studies using Retirement Plus products, we’d love to hear from you - please email us at marketing@retirement-plus.co.uk or call Kate on 020 7907 8599.
*Ed Stansfield, Capital Economics
**Martin Gahbauer, Nationwide