The sales aid analyses the different outcomes when a typical male 70-year old client, with a property valued at £200k, chooses either a Bridgewater home reversion or a lifetime mortgage product.
If the client is looking to release £34k he would be able to guarantee 63% of his home’s equity by opting for a home reversion as compared to just 50% with a lifetime mortgage.
This is due to the fact that releasing 17% of his equity with a reversion requires 37% of the total equity with a home reversion plan and 50% with a lifetime mortgage.
Bridgewater is also asking advisers to consider future changes in a client’s circumstances and any need they might have to release further funds.
The size of any lifetime mortgage equity guarantee could be greatly reduced whereas with a home reversion whatever percentage equity is left is guaranteed for further release. Additionally, Bridgewater guarantees to offer further release until 100% of the equity is used.
This sales aid is the latest in a series offered by Bridgewater Equity Release to specialist advisers active in the equity release market.
Advisers can access and print a copy of the ‘Inheritance Equity Guarantees’ sales aid by visiting the Bridgewater Equity Release website.
