A risk of losing their home at retirement thanks to a fraudster!
Working as an equity release specialist adviser is always so rewarding.
In these challenging times the focus of my advice is far more around helping people in distressing financial situations to provide them with peace of mind rather than releasing monies from their home to fund that trip of a lifetime!
I will be publishing a series of real-life case studies of some of the people I have advised over the last year, where a Lifetime Mortgage was the most suitable solution to meet their needs.
I recently helped a customer who contacted me feeling he had nowhere to turn.
They had just turned 69 years old, retired, debt free and owned their own home with no mortgage.
The customer was enjoying their retirement and considered themselves in a very fortunate position.
The customer had unfortunately been the subject of a fraud that had resulted in a substantial loss of money where they had raised funds by taking what they felt was a short-term bridging loan to fund a project run by the fraudster. This loan was secured against their property and at a high rate of interest.
The fraudster promptly ran off with all the funds leaving the customer with a loan against their property with little disposable income to service the high interest charge.
The police have been unable to find the individual concerned and the customer is now in a position that the loan company are looking to start legal proceedings to recover their money from the property.
The customer could not qualify for conventional mortgage products due to their age and income and above all wanted to retain ownership of their property without it being at risk going forward.
Given the customer’s dire financial situation as a result of these circumstances the Bridging loan company started possession proceedings against him as he was unable to service the interest.
I was able to take some of the substantial pressure from the customer by assessing their needs fully, understanding their circumstances and recommending a lifetime mortgage.
The customer has now been able to provide the Bridging loan company with documentation to show they are resolving the situation.
One very relieved customer!
MORTGAGES ON AND EQUITY RELEASED FROM YOUR HOME WILL BE SECURED AGAINST IT.
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.
Can Asquith Financial Services help you?
For more information, please contact us on -
Tel 01206 250681 or 07500969167
www.asquithfinancialservices.co.uk

Working as an equity release specialist adviser is always so rewarding.
In these challenging times the focus of my advice is far more around helping people in distressing financial situations to provide them with peace of mind rather than releasing monies from their home to fund that trip of a lifetime!
I will be publishing a series of real-life case studies of some of the people I have advised over the last year, where a Lifetime Mortgage was the most suitable solution to meet their needs.
I recently helped a customer who contacted me feeling he had nowhere to turn.
They had just turned 69 years old, retired, debt free and owned their own home with no mortgage.
The customer was enjoying their retirement and considered themselves in a very fortunate position.
The customer had unfortunately been the subject of a fraud that had resulted in a substantial loss of money where they had raised funds by taking what they felt was a short-term bridging loan to fund a project run by the fraudster. This loan was secured against their property and at a high rate of interest.
The fraudster promptly ran off with all the funds leaving the customer with a loan against their property with little disposable income to service the high interest charge.
The police have been unable to find the individual concerned and the customer is now in a position that the loan company are looking to start legal proceedings to recover their money from the property.
The customer could not qualify for conventional mortgage products due to their age and income and above all wanted to retain ownership of their property without it being at risk going forward.
Given the customer’s dire financial situation as a result of these circumstances the Bridging loan company started possession proceedings against him as he was unable to service the interest.
I was able to take some of the substantial pressure from the customer by assessing their needs fully, understanding their circumstances and recommending a lifetime mortgage.
The customer has now been able to provide the Bridging loan company with documentation to show they are resolving the situation.
One very relieved customer!
MORTGAGES ON AND EQUITY RELEASED FROM YOUR HOME WILL BE SECURED AGAINST IT.
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.
Can Asquith Financial Services help you?
For more information, please contact us on -
Tel 01206 250681 or 07500969167
www.asquithfinancialservices.co.uk

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