Boomerang children

Equity release to help them fly the nest*

*Your home may be repossessed if you do not keep up repayments on your mortgage.

According to The Times, Britain has produced a ‘boomerang’ generation of children who are twice as likely as their contemporaries in the rest of Europe to return to the family home in their twenties†.   For some empty-nesters this is a dream come true – for the rest of us it can signal the loss of our new found freedom!

With steep house prices and scarce job opportunities it is tough for our kids to regain their independence after university but there are options available to ensure your home once more becomes your own.  Releasing capital from your house (especially if you have cleared your mortgage or have large amounts of equity) will enable you child to put a deposit down on their own home.  Giving this money to your children now also helps them to avoid inheritance tax in the future.

We are specialists in creative, bespoke financial planning and will work hard to find the best solutions for you and your family. Please use our free guides and tools for further information.  To speak to one of our independent financial advisors please contact us or call 01225 44 88 32.   

†Source: http://www.timesonline.co.uk/tol/news/uk/article5404394.ece

** We may levy a small administration fee in certain circumstances but we do not normally charge a fee as we are paid by the lender. However, you have the option to pay us a fee for mortgage advice and receive any commission which we are paid by the lender. If you choose this option we will make a charge of £175 per hour but the total cost to you will not exceed 2% of your mortgage advance.