Yours Equity Release Service helped transform our home

By Yours promotion

Finance

24 March 2009 17:48

Dorothy and Derek Bakewell, both, 72, from Stoke on Trent, Staffordshire, decided to release money from their house to pay for home improvements.

Derek says: ‘We wanted to upgrade our heating system and have a new kitchen fitted but didn’t have enough capital to do big jobs like this because all our money was tied up in our house.’

Dorothy says: ‘I’ve read Yours magazine for years and when I saw they had launched their own equity release advice service I decided to find out more. We’d been thinking about doing it for years and because I trust Yours and it always has such helpful information we decided we should take the plunge.’

The couple called the Yours Equity Release Service, provided in partnership with Key Retirement Solutions, the UK’s leading independent experts, and a specialist adviser came to see them and talk them through all the options.

Derek says: ‘Our adviser reassured us  that there was no way we could lose our home but explained equity release could affect our entitlement to benefits and would reduce the value of our estate. We discussed it with our sons and they said they wanted us to benefi t from the money now.

‘It was quite a simple process and the money came through in about eight weeks.’
With the money they released, they have bought a new kitchen and have some cash for holidays.

Dorothy says: ‘We’d like to take some of the grandchildren away on holiday which we haven’t been able to do for a few years – it’s nice to be able to treat them.’

This is an equity release plan. To understand the features and risks ask for a personalised illustration. Key’s typical fee for advice is 1.65% of the amount released.

CALL 0800 531 6019 or visit www.equityrelease.yours.co.uk

The content in this article was correct at date published on site.

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