{"id":105100,"date":"2022-07-21T11:24:40","date_gmt":"2022-07-21T11:24:40","guid":{"rendered":"https:\/\/www.fiveminutesspare.com\/legal\/?p=105100"},"modified":"2022-07-21T11:24:41","modified_gmt":"2022-07-21T11:24:41","slug":"what-can-you-use-equity-release-for","status":"publish","type":"post","link":"https:\/\/www.fiveminutesspare.com\/legal\/what-can-you-use-equity-release-for\/financial-services","title":{"rendered":"What can you use Equity Release for?"},"content":{"rendered":"<div id=\"pl-105100\"  class=\"panel-layout\" ><div id=\"pg-105100-0\"  class=\"panel-grid panel-no-style\" ><div id=\"pgc-105100-0-0\"  class=\"panel-grid-cell\" ><div id=\"panel-105100-0-0-0\" class=\"so-panel widget widget_sow-editor panel-first-child panel-last-child\" data-index=\"0\" ><div\n\t\t\t\n\t\t\tclass=\"so-widget-sow-editor so-widget-sow-editor-base\"\n\t\t\t\n\t\t>\n<div class=\"siteorigin-widget-tinymce textwidget\">\n\t<p><span style=\"font-weight: 400;\">As with many types of mortgage, each lender will have its own criteria, but by being a fully independent adviser with the whole of market access, I can look at a vast array of potential solutions for you.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The most common uses for Equity Release are;<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Paying off a mortgage or other\u00a0 \u00a0 commitments\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Boosting income in retirement\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Helping a family member to buy a\u00a0 home<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Paying for a trip of a lifetime\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Buying a new car <\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Home improvements etc.<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">The list is literally endless. The lenders often will not consider raising money for business purposes or paying for things like a tax bill.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The other thing to consider is Equity Release often can exist for many years, so are the funds going to be used for something relatively short-lived? In other words, is it sensible to use the money in that way?<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Very much a personal view that one.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Finally family. I always encourage involving family and close friends. They can help with any decisions and often provide some other options or ideas. <\/span><span style=\"font-weight: 400;\">They may want to help you financially, for instance, rather than you borrow money.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">So Equity Release is very useful in many ways. As with any long-term commitment, it is worth looking at any alternative solutions and options available, which form part of the advice process I always offer to my clients.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">If you would like an initial chat, do just make contact.<\/span><\/p>\n<\/div>\n<\/div><\/div><\/div><\/div><div id=\"pg-105100-1\"  class=\"panel-grid panel-no-style\" ><div id=\"pgc-105100-1-0\"  class=\"panel-grid-cell\" ><div id=\"panel-105100-1-0-0\" class=\"so-panel widget widget_sow-editor panel-first-child panel-last-child\" data-index=\"1\" ><div\n\t\t\t\n\t\t\tclass=\"so-widget-sow-editor so-widget-sow-editor-base\"\n\t\t\t\n\t\t><h3 class=\"widget-title\">Ian Watters Financial Adviser<\/h3>\n<div class=\"siteorigin-widget-tinymce textwidget\">\n\t<h2 style=\"text-align: center;\"><\/h2>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-105093 size-medium alignnone\" src=\"http:\/\/www.fiveminutesspare.com\/legal\/wp-content\/uploads\/sites\/59\/2022\/07\/ian-watters-01-01-600x600-1-300x300.jpg\" alt=\"\" width=\"300\" height=\"300\" srcset=\"https:\/\/www.fiveminutesspare.com\/legal\/wp-content\/uploads\/sites\/59\/2022\/07\/ian-watters-01-01-600x600-1-300x300.jpg 300w, https:\/\/www.fiveminutesspare.com\/legal\/wp-content\/uploads\/sites\/59\/2022\/07\/ian-watters-01-01-600x600-1-150x150.jpg 150w, https:\/\/www.fiveminutesspare.com\/legal\/wp-content\/uploads\/sites\/59\/2022\/07\/ian-watters-01-01-600x600-1.jpg 600w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/p>\n<p style=\"text-align: left;\">Tel: <a href=\"tel:07495590160\">07495590160<\/a><\/p>\n<p style=\"text-align: left;\">Email: <a href=\"mailto:ian.watters@trulyonline.co.uk\">ian.watters@trulyonline.co.uk<\/a><\/p>\n<p style=\"text-align: left;\">Website: <a href=\"https:\/\/ian-watters.trulyifa.co.uk\/\" target=\"_blank\" rel=\"nofollow noopener\">ian-watters.trulyifa.co.uk<\/a><\/p>\n<p>&nbsp;<\/p>\n<\/div>\n<\/div><\/div><\/div><div id=\"pgc-105100-1-1\"  class=\"panel-grid-cell\" ><div id=\"panel-105100-1-1-0\" class=\"so-panel widget widget_sow-editor panel-first-child panel-last-child\" data-index=\"2\" ><div\n\t\t\t\n\t\t\tclass=\"so-widget-sow-editor so-widget-sow-editor-base\"\n\t\t\t\n\t\t>\n<div class=\"siteorigin-widget-tinymce textwidget\">\n\t<h2 style=\"text-align: left;\">Truly Independent<\/h2>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-105096 size-medium alignnone\" src=\"http:\/\/www.fiveminutesspare.com\/legal\/wp-content\/uploads\/sites\/59\/2022\/07\/TrulyIndependentNewLogoJPG22063-e1658399633297-300x186.jpg\" alt=\"\" width=\"300\" height=\"186\" srcset=\"https:\/\/www.fiveminutesspare.com\/legal\/wp-content\/uploads\/sites\/59\/2022\/07\/TrulyIndependentNewLogoJPG22063-e1658399633297-300x186.jpg 300w, https:\/\/www.fiveminutesspare.com\/legal\/wp-content\/uploads\/sites\/59\/2022\/07\/TrulyIndependentNewLogoJPG22063-e1658399633297.jpg 622w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/p>\n<p style=\"text-align: left;\">Ian is one of the Finacial advisers within <a href=\"https:\/\/trulyifa.co.uk\/\" target=\"_blank\" rel=\"noopener\">Truly Independent Ltd.<\/a><\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<\/div>\n<\/div><\/div><\/div><\/div><div id=\"pg-105100-2\"  class=\"panel-grid panel-no-style\" ><div id=\"pgc-105100-2-0\"  class=\"panel-grid-cell\" ><div id=\"panel-105100-2-0-0\" class=\"so-panel widget widget_sow-editor panel-first-child panel-last-child\" data-index=\"3\" ><div\n\t\t\t\n\t\t\tclass=\"so-widget-sow-editor so-widget-sow-editor-base\"\n\t\t\t\n\t\t>\n<div class=\"siteorigin-widget-tinymce textwidget\">\n\t<p>I am a local independent adviser who will take into account your personal circumstances, preferences and future plans into account when I offer you my advice.<\/p>\n<\/div>\n<\/div><\/div><\/div><\/div><\/div>","protected":false},"excerpt":{"rendered":"<p>As with many types of mortgage, each lender will have its own criteria, but by being a fully independent adviser with the whole of market access, I can look at a vast array of potential solutions for you. The most common uses for Equity Release are; Paying off a mortgage or other\u00a0 \u00a0 commitments\u00a0 Boosting&#8230;<\/p>\n","protected":false},"author":555,"featured_media":105092,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_bbp_topic_count":0,"_bbp_reply_count":0,"_bbp_total_topic_count":0,"_bbp_total_reply_count":0,"_bbp_voice_count":0,"_bbp_anonymous_reply_count":0,"_bbp_topic_count_hidden":0,"_bbp_reply_count_hidden":0,"_bbp_forum_subforum_count":0,"footnotes":""},"categories":[141,83],"tags":[],"class_list":["post-105100","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-equity-release-financial-services","category-financial-services"],"_links":{"self":[{"href":"https:\/\/www.fiveminutesspare.com\/legal\/wp-json\/wp\/v2\/posts\/105100","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.fiveminutesspare.com\/legal\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.fiveminutesspare.com\/legal\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.fiveminutesspare.com\/legal\/wp-json\/wp\/v2\/users\/555"}],"replies":[{"embeddable":true,"href":"https:\/\/www.fiveminutesspare.com\/legal\/wp-json\/wp\/v2\/comments?post=105100"}],"version-history":[{"count":1,"href":"https:\/\/www.fiveminutesspare.com\/legal\/wp-json\/wp\/v2\/posts\/105100\/revisions"}],"predecessor-version":[{"id":105102,"href":"https:\/\/www.fiveminutesspare.com\/legal\/wp-json\/wp\/v2\/posts\/105100\/revisions\/105102"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.fiveminutesspare.com\/legal\/wp-json\/wp\/v2\/media\/105092"}],"wp:attachment":[{"href":"https:\/\/www.fiveminutesspare.com\/legal\/wp-json\/wp\/v2\/media?parent=105100"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.fiveminutesspare.com\/legal\/wp-json\/wp\/v2\/categories?post=105100"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.fiveminutesspare.com\/legal\/wp-json\/wp\/v2\/tags?post=105100"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}