Bridgewater believe the over-55s now have many more potential property opportunities as they consider their retirement including using equity release to move to a bigger or more expensive property.
To aid understanding in the area of “property up-lift” Bridgewater has published a new sales guide for advisers to give to their professional introducers entitled Moving to a more expensive property.
Chris Prior, manager of sales and distribution at Bridgewater Equity Release, said: “Downsizing has long been suggested as one of the more sensible options for those in, or reaching, retirement however this is simply not feasible for some.
“Individuals often enter retirement with a clear idea of what they want to achieve, including moving closer to children and grandchildren or seeking larger properties in order to be able to entertain larger families.
“However, for a variety of reasons, they may not have the available cash in order to be able to achieve this goal. We want to outline to specialist equity release advisers and, in particular their professional introducer contacts, that this does not mean the ‘up-lift’ option is off the table. Indeed, if they work with a knowledgeable specialist adviser and the right provider they can ensure the client gets exactly what they want.”