I started the new year & decade in a difficult financial place. I needed proper help advice support & guidance in order to take agreed radical action. Main players were My psychiatrist Dr Singh Martin & Phil were key & we all agreed that expert advice was needed. I neede d to get my professional head switched on and view this as daily a.m work
WHY
Precarious position
need big income boost
Ongoing daily, weekly & monthly stress = psychiatrist concerns
Ongoing major negative impact on my mental health & wellbeing
Tried in past x2 lodgers = made me unwell
Tried in past downsizing = made me unwell
X4 years until my state pension 2024
Want & need to stay in my house
Want & need to update my house
My house is my major asset
WHAT
ER adviser / legal fees
Home & garden improvements
House refurbishment & modernized
Repairs & maintenance
Monthly £100 income for next x4 years until state pension October 2024
2020 Tech iPad Pro& pencil / Canon Powershot bridge camera
Savings fund
WHEN
Spring – Summer 2020
HOW
Black presentation folder
Company brochures & mac downloads
- Key
- Aviva
- Age Partnership
- Ageuk
WHO
Martin & Phil
Kim / Marj / Jackie
Psych Dr Singh / GP Dr Charles
Askuswirral re £ESA benefit
So many questions ???
- where to start
- who are key people
- is Equity Release the right way forward for me
- are there other alternatives
Pro v Con
Meetings … by phone or face to face
£££££
Zoopla online estimate = house worth £150,000
ER = release £30 – £50,000 ?
Monthly = Lose £ESA benefit £100 ? / lose Kim £50 support