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Winter sun seeking for the over 55s

Taking extended breaks during the Winter has always been popular due to the enticing 'off-peak' prices and the opportunity to avoid high home utility bills. Additionally, there are health advantages to spending time in warm and sunny destinations, such as more chances for outdoor exercise, access to nutritious food, and an enhanced overall sense of well-being.

If staying in one place for too long makes you restless, cruises are a popular option for many. Longer cruises that encompass various destinations often provide better value than shorter ones. They can offer a surprisingly low daily cost, inclusive of food and entertainment.

Once you've decided to escape the British Winter with an extended getaway, there are a few other considerations to bear in mind. It's essential to verify whether your insurance covers prolonged trips, as many policies have limitations of one month or less. Additionally, remember to notify your home insurance provider, as being away for over 30 days might void your policy. You can also arrange for the Post Office to hold your mail if you prefer not to rely on family or neighbours to collect it.

If financing your trip appears to be a challenge, and you don’t want to take on extra monthly commitments or deplete your savings, you might want to explore equity release as a means of accessing funds.

Equity release can provide a practical solution for financing a Winter holiday by unlocking the value tied up in your property. By accessing the equity in your home, you can secure a lump sum or regular income that can be used to cover travel expenses, accommodation, and other holiday costs. This allows you to enjoy your Winter getaway without depleting your savings or affecting your day-to-day finances, making it an attractive option for those looking to experience a sunny escape during the colder months.

If you’re over 55 and looking to escape the British Winter with an extended getaway, get in touch to see how equity release could help

SPEAK TO AN ADVISER

This is a lifetime mortgage. To understand the features and risks, ask for a personalised illustration. Check that this mortgage will meet your needs if you want to move or sell your home or you want your family to inherit it. If you are in any doubt, seek independent advice. A fee may be charged for mortgage advice. The exact amount will depend on your circumstances.

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Fairview Financial Ltd is an appointed representative of The Right Mortgage Limited, which is authorised and regulated by the Financial Conduct Authority. Fairview Financial Ltd is registered in England and Wales no: 10912424. Registered office: 107 Promenade, Cheltenham, GL50 1NW.

The guidance and/or advice contained within this website is subject to the UK regulatory regime and is therefore targeted at consumers based in the UK.

@ 2020 by Fairview Financial

Our Fees        

A fee may be charged for mortgage advice. The exact amount will depend on your circumstances.

Our standard fee for mortgages is £395 and this is paid when the mortgage is offered. We charge a fee of £295 First-Time Buyers. Other fees may apply depending on the complexity of the work involved or loan amount. The maximum fee we can charge is £795.

Our standard fee for Equity Release is £895 and this is paid on completion.

We also receive a commission from the lender that will vary depending on the lender, product or other permissible factors. The nature of any commission model will be confirmed to you before you proceed. If we receive a commission, this will not affect the cost payable by you.

THINK CAREFULLY ABOUT SECURING OTHER DEBTS AGAINST YOUR HOME.

YOUR HOME OR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE OR ANY OTHER DEBTS SECURED ON IT.

BUY TO LET MORTGAGES ARE NOT REGULATED BY THE FINANCIAL CONDUCT AUTHORITY.

EQUITY RELEASE: THIS IS A LIFETIME MORTGAGE. TO UNDERSTAND THE FEATURES AND RISKS, PLEASE ASK FOR A PERSONALISED ILLUSTRATION. CHECK THAT THIS MORTGAGE WILL MEET YOUR NEEDS IF YOU WANT TO MOVE OR SELL YOUR HOME OR YOU WANT YOUR FAMILY TO INHERIT IT. IF YOU ARE IN ANY DOUBT, SEEK INDEPENDENT ADVICE.


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