Case Study
Mrs Maitland*, Kent
Mrs Maitland, aged 67, needed to raise funds from her £180,000 home for two reasons: to supplement her pension and to make a number of home improvements, including adding a porch, conservatory, and an additional bathroom. At the same time, she wanted to retain a 25% share in the property for the future. She was able to raise £50,000 from Retirement Plus who gained an initial share of 27.78% of the property. This rises to a maximum share of 75.06% after 17 years and 4 months. Mrs Maitland still owns a 24.94% protected share of her home.
Life is more comfortable now
By taking out a Retirement Plus Property Plan Mrs Maitland released enough money to top-up her pension, make the changes she wanted plus take a well earned holiday for the first time in 12 years. And, with a protected share of the property in place, she can choose to release this for additional income in the future, or to leave it to her loved ones.
Her broker says
“I found working with Retirement Plus to be a very smooth process; they made sure that I had all the information I required for Mrs Maitland, quickly and efficiently. The flexibility of the plan was just what my client needed and she was reassured by the availability of a protected share. All in all, the deal was very good and we have a happy client - what more could I ask for?"
Andrew Lea, Cavendish Equity Release
*Please note the facts are correct but the name and photograph have been changed to protect customer confidentiality.