What Equity Release has done for our clients
There is no better way to explain to you what Bright Equity Release Solutions can achieve than by letting our clients speak for us.
Mr. Coupe Home Reversion
At the age of seventy this client was finding it difficult to meet his financial commitments. The cost of paying his mortgage had eaten away at his savings and he was down to his last £3,000. He did not want to move home or go into rented or sheltered accommodation as his house is perfect for his needs. Something had to be done.
Bright Equity Release Solutions considered all of his financial circumstances and advised Mr. Coupe to take up a Home Reversion plan. His house was sold at a value of £190,000 and he received a cash payment of £107,000 in return. He was able to pay his commitments in full and had enough left to put some capital in the bank for emergencies.
Mr. Coupe from Cheshire said: "Just a short note to thank you for all your assistance in setting up and advising me on my personal financial problems. Your recommendation to raise capital while I was able to stay on in my own home and significantly reduce my fixed outgoings on an annual basis from £5,000 to £10 will allow me to live again. Nothing has changed for me except I now have a new 'landlord' in Living Plus. Thank you and all of your staff for being so helpful."
Mrs. Boddington Lifetime Mortgage
Having reached the age of 80, this client found herself with depleted savings. Her regular income was not sufficient to service borrowing money against her home using a traditional re-mortgage and of course she wanted to stay in her own home. Her property was valued at £225,000.
Bright Equity Release Solutions recommended a fixed interest rate Lifetime Mortgage plan and now she has the money to enjoy holidays, has some regular income from interest and has the reassurance that the capital raised from her house is there for her to live comfortably.
Mrs. Boddington from Yorkshire said: "I must thank you for the way you dealt with my equity release. Both you and your staff were very helpful and patient with any problems I thought I may have. The whole settlement was smooth due to the efficient way it was dealt with. I would also like to thank you for the efficient way you dealt with my telephone calls the same day as I made them - very rare in these days. Once again thanks. You have made my life much easier and less worrying and as a widow on my own I did appreciate that."
Ms. Durrant Lifetime Mortgage
At the age of 64 our client was retiring, but she had an outstanding mortgage and debts totalling £25,000. She also had available investments and capital of £24,000. At her retirement she had decided she did not want to downsize her home or go into rented or sheltered accommodation, but wanted to clear all her debts, complete some home improvements and put some capital in the bank to cover short, medium and longer term needs. Her house was valued at £315,000.
After considering all the options and reviewing all of her circumstances, Bright Equity Release Solutions recommended an £85,000 fixed interest rate Lifetime Mortgage, enabling her to achieve all of her financial aims along with peace of mind for her retirement.
Ms. Durrant from Surrey said: "My experience with Bright Financial Services when needing to have the equity released on my property was amazing. The process was very emotional for me and each step was explained in the deepest detail and sensitivity by the adviser. All possibilities were discussed and the best company decided on and each detail of the contract perused - even to the adviser asking 'had I read specific clauses', so that I knew exactly what I was signing. The whole process was made easy and comfortable and I would recommend anyone to contact Bright Equity Release Solutions should they be going down this path."