For homeowners facing health challenges, staying in their home may require significant modifications, such as installing stairlifts or converting rooms for accessibility. A lifetime mortgage can provide the necessary funds to make these important changes.
Objective:
The clients aimed to release equity from their home to fund modifications that would accommodate mobility issues, allowing them to remain in their home safely and comfortably.
Obstacle:
The challenge was to secure a lifetime mortgage that provided sufficient funds for the modifications without compromising the client’s financial security in the future.
Outcome:
We arranged a lifetime mortgage that provided the clients with the funds needed to install a stairlift and convert a downstairs room into a bedroom. These modifications allowed the clients to continue living in their home with improved safety and comfort.
Summary:
Through a lifetime mortgage, the clients were able to fund essential home modifications that supported their health needs, enabling them to remain in their home with peace of mind.