If you’re looking to purchase an Impaired Equity Release plan then don’t spend too much time on thinking about the choice. With current trends being at an all-time low, you run the risk of losing out on cash that could be in your pocket.
Naturally, this is a big decision and the time to act is immediately. It can sound cold and callous thinking that mortality can increase your income but now is the time to act and not sit on your laurels. You may not like to think that your life is shorter than expected, but why should you remain without fluid cash that could be yours and is yours? Acting now will improve your chances of impaired rates as you could find yourself with anything up to 30% more compared to standard equity plans. Delays in purchase could well mean you are losing out and now is the time to act.
Now is the time for Impaired Equity Release, and all that time you’re not making the final decisions, is money that could be in your bank account and improving your standard of living. The markets are low, but with an increased rate because of health conditions that shorten life expectancy, you could be missing out on rates of up to 30% of a standard equity release plan. Put simply, hanging around will cost you.
The current trends of low interest rates are not going anywhere and you may get caught out in thinking that if you wait, you could have a better deal. This is not the case with Impaired Equity Release plans; they’re based on your health and it is those which will determine the increase on the current rates. Waiting for the rates to rise could be a very costly decision.
Acting now is in your financial interest if you qualify for an Impaired Equity Release plan. Waiting for a rise in rates will not serve you well and you may as well make the most of any health-related conditions that may qualify you for an increased rate. With a slow-moving market, you could be waiting an eternity for those rates to move. Your health-related conditions could get you the extra money you need now, while you’re still able to live in your own home. Don’t wait around, don’t lose money that could rightfully be yours, act now before it’s too late.
