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
As you approach the ‘Golden Years’, are you considering whether to stay at home or move into care?...
Read More >
In August, The Bank of England cut interest rates to 5% from 5.25%. The first drop in rates since t...
Read More >
Taking a few precautions before the onset of Winter weather can help you avoid potential claims and ...
Read More >
Are you looking for a health insurance policy? We’ve looked at the research and there are some dif...
Read More >
Did you know that recent research from Beagle Street suggests that 10 million young UK adults don’t...
Read More >
As the temperatures start to go down and the energy bills go up, you might feel like you can’t affo...
Read More >