Equity Release - Helping Family onto the Property Ladder

Many grandparents want to support younger generations while maintaining their own security. Here’s one recent example:

Meet The Clients 👫

David (70) and Elaine (69) owned a mortgage-free home worth £370,000.

They wished to gift money to their granddaughter for a first home deposit.

The Challenge They Faced 🏡

They needed to balance:

• Supporting family now

• Maintaining financial security in later life

• Understanding the impact on inheritance

How We Helped 💡

We recommended a flexible lifetime mortgage that:

• Released £60,000 for the family gift

• Allowed voluntary interest payments when appropriate

• Preserved access to future borrowing if needed for care or emergencies

The Outcome 📝

David and Elaine successfully:

• Helped their granddaughter buy a first home

• Remained in full ownership and lifetime security of their property

• Kept flexibility to manage their options in the future

Why Advice Matters 🤝

Without equity release, the clients may have:

• Reduced their own retirement savings, or

• Been unable to support their family at all

Careful structuring ensured family support without compromising long-term security.

As with all our clients, we’ll continue to support David and Elaine throughout the lifetime of their mortgage.

Thinking About Your Own Options?

If you’d like to explore whether a lifetime mortgage could help you to help your family, call the Aspect Mortgages team on 01257 812345 today.

All our case studies are example of clients that we have helped at Aspect Mortgages but some details (names etc) have been changed to maintain privacy.

There will be a fee for mortgage advice. The precise amount will depend upon your circumstances but we estimate that it will be £1495 for an equity release/retirement mortgage.

Equity release will reduce the value of your estate and may affect your entitlement to means-tested benefits.

Aspect Mortgages Limited is authorised and regulated by the Financial Conduct Authority and is entered on the Financial Services Register (https://register.fca.org.uk/s/) under reference 305352.

Registered in England and Wales No: 051013801. 16 St Thomas' Road, Chorley, PR7 1HR.