Funding Care Costs through Equity Release

Figures released recently show that in one part of the country the average life expectancy of women is over 84. With populations predicted to increase by 5% in the next 10 years. The number of people aged 85 or over is expected to increase 29%.

During old age, many people need support. For some people this may be help with a few day-to-day tasks, for others it may be far more complex. The average cost of this care amounts to £31,000.

Increasingly homeowners are turning to equity release to help them fund these care costs.

Louise Tilston of Ashall Glover Financial Services said “In the right circumstances, equity release is an excellent way of helping to fund care costs. The funds released are tax free and can be received as a single lump sum, or a series of ongoing payments. We offer free consultations allow all of those considering equity release the opportunity to discuss their situation with us and understand the options that are available.

Ashall Glover Financial Services are equity release specialists and have produced a series of free equity release guides to benefit all of those considering equity release