Almost a third of our customers use their equity release to financially support family and friends. It’s no surprise. When those who mean a lot to you need your help, it’s only natural to want to try and do something.
It could be helping your grown-up child get onto the property ladder by contributing towards their deposit. Making a family member’s wedding day dreams a reality by covering some or all of the costs. Putting towards university or school fees. Or even just wanting to give someone important to you a financial boost.
Whatever it is, if you feel as though you can make a difference, you most likely will. But not everyone is in that position.
You may have made provisions that mean you can provide financial help should someone important to you need it. It could be through savings, investing in property, or one of the many other ways.
But life isn’t always as cut and dried as we’d like it to be. Things change, priorities switch and maybe you’ve never been in a situation where planning for the future was possible. That doesn’t mean you can’t change that now, though.
It could be helping your grown-up child get onto the property ladder by contributing towards their deposit. Making a family member’s wedding day dreams a reality by covering some or all of the costs. Putting towards university or school fees. Or even just wanting to give someone important to you a financial boost.
Whatever it is, if you feel as though you can make a difference, you most likely will. But not everyone is in that position.
Life happens
You may have made provisions that mean you can provide financial help should someone important to you need it. It could be through savings, investing in property, or one of the many other ways.But life isn’t always as cut and dried as we’d like it to be. Things change, priorities switch and maybe you’ve never been in a situation where planning for the future was possible. That doesn’t mean you can’t change that now, though.