Excellent advice on equity release
Terry and Maureen Tresnan bought their home in Maidstone, Kent in 1964 for £2,300. They had it valued in the summer of 2005 and found that it was worth £190,000.
"We had read about equity release in the newspaper and we thought it would let us build an extension," says Terry, 70. The Tresnans came to Key Retirement Solutions for advice on equity release and with our help, released just under £70,000 with a lifetime mortgage.
"The guidance we received was excellent - the adviser took time to find out exactly what we wanted from equity release, and found an equity release plan that suited us perfectly. "We were very impressed," adds Terry. "The deal seemed very fair and we got the money we wanted out of it."
Terry and Maureen spoke to their sons about the possible impact of releasing equity on the size of the couple's estate. "They were both very supportive and said we should do whatever we wanted," says Terry. "To be honest, that's what I expected, but I thought talking to them about our plans was the right thing to do."