CASE STUDY: The rise of the “Silver Splitters”
While many of us may have become incensed by or frustrated with our spouses during the last two years’ increased time at home, many have also felt the need to file for divorce. In fact, the latest ONS data has revealed that in the over 65s, there has been a 46%* Year on Year increase in the number of those obtaining a divorce.
One of the biggest considerations, for any couple thinking about divorce, is the financial implications. Can they afford to share their assets? What happens to their marital home? What about Wills for dividing their estate between their beneficiaries after they’re gone?
But what many don’t know is that Equity Release (or a Lifetime Mortgage) could assist in easing the financial burden associated with divorce. Take a look at the two illustrative case-studies below.
Case Study video 1:
Case Study video 2:
If you are facing the financial difficulties associated with a divorce, while navigating the upheaval, why not speak to us to help look into whether Equity Release could be the right solution for you?
GET IN TOUCH TODAY
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.
Source: *https://www.whatmortgage.co.uk/news/equity-release/rising-numbers-of-divorcees-using-equity-release/
Related
Retirement can be a time of great excitement, but also of uncertainty. One of the biggest financial ...
Read More >
Have you considered how maternity leave could impact your mortgage? We are here to help with our key...
Read More >
Changing jobs can be an exciting time, but it's important to remember that it can also impact yo...
Read More >
There has been a 6% increase in combined buildings and contents insurance since last year. In the cu...
Read More >
So, you’ve heard of lifetime mortgages, and you are at a stage in life when your finances need a li...
Read More >
Retirement is meant to be a time to relax and enjoy after years of hard work. However, for many, the...
Read More >