If you’re considering using a Reverse Mortgage to help your finances, there are a few things you should consider before making a final decision.
Involve family in your choice
Consider that a Reverse Mortgage means taking money out from your property now, so naturally there will be less for an inheritance later. We recommend that you discuss it with those close to you.
Consider the alternatives
Downsizing is one of the possible alternatives. One of our specialist advisers will be certain to review your situation and cover all of the options to help you achieve your financial goals.
Have a clear idea of your goals and needs
It will help to make the decision if you know clearly what you want to achieve and how much money you need for this. Do you need it for the children? For home renovation? Knowing how much you need and when you need it will help us to recommend a plan which meets your needs.