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Equity Release Helps Young on to Property Ladder
30/08/2011
At the present time it is increasingly difficult for first time buyers to afford purchasing a property of their own. Deposits of up to 25% of the property price is stopping many individuals from buying.
More and more elderly people are assisting their children and grandchildren by providing a deposit that allows them onto the property ladder. By using equity release, funds can be released to homeowners so that it can be given to children or grandchildren whilst they are still alive rather than leaving it to them as a legacy in their wills.
It is extremely important that an elderly couple contemplating this course of action should take specialist professional advice.
Homeowners aged over 55 years who would like to know how much money the value of their property could release to help their children or grandchildren can find out by contacting therightequityrelease.co.uk for equity release advice.
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