CASE STUDY: The rise of the “Silver Splitters”
While many of us may have become incensed by or frustrated with our spouses during the last two years’ increased time at home, many have also felt the need to file for divorce. In fact, the latest ONS data has revealed that in the over 65s, there has been a 46%* Year on Year increase in the number of those obtaining a divorce.
One of the biggest considerations, for any couple thinking about divorce, is the financial implications. Can they afford to share their assets? What happens to their marital home? What about Wills for dividing their estate between their beneficiaries after they’re gone?
But what many don’t know is that Equity Release (or a Lifetime Mortgage) could assist in easing the financial burden associated with divorce. Take a look at the two illustrative case-studies below.
Case Study video 1:

Case Study video 2:

If you are facing the financial difficulties associated with a divorce, while navigating the upheaval, why not speak to us to help look into whether Equity Release could be the right solution for you?
GET IN TOUCH TODAY
This is a lifetime mortgage. To understand the features and risks, ask for a personalised illustration. Check that this mortgage will meet your needs if you want to move or sell your home or you want your family to inherit it. If you are in any doubt, seek independent advice.
Source: *https://www.whatmortgage.co.uk/news/equity-release/rising-numbers-of-divorcees-using-equity-release/
Related
We all know that the NHS is a vital safety net for people who need medical treatment. However, in so...
Read More >
When it comes to securing your family's financial future, life cover is an essential considerati...
Read More >
When it comes to managing your mortgage, there often comes a point where you need to make a decision...
Read More >
You’ve secured your pre-approval and found your new home. But have you got your insurance in place?...
Read More >
As part of their Autumn Statement, the Government announced that the 95% Mortgage Guarantee Scheme h...
Read More >
You may have seen that a number of lenders have signed up to the Government's recently created M...
Read More >