Gifting
Thinking of gifting family members? Read more below.
Gifting Family
This purpose has certainly grown in the past few years. Borrowers can raise funds on their home via an Equity Release plan in order to gift family members.
Typically, this would be for their children or Grandchildren to purchase property, pay off their own mortgages or pay for school/University fees. Sometimes there can be a benefit in relation to Inheritance tax too.
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.
We provide whole of market advice on Lifetime Mortgages. We DO NOT give advice on or arrange Home Reversion plans.
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