CASE STUDY TEN HELP THE FAMILY OUT NOW

Jim and Beverley approached Viva as they wanted to help their children now, to explore the potential of releaing equity in their home.

 

After meeting them, it became clear that they themselves were in a solid financial position and were happy with their income and outgoings as well as their existing savings for things like holidays.

 

However, their daughter, Beth, was going through a messy divorce and really did not want to be uprooted from her home where she lived with her children. Ideally, she wanted to pay off her mortgage and ex-partner so that she would have financial security going forward.

 

Jim and Beverley’s other child, their son John, wanted to help his sister but could not do this due to his own situation.

 

So Viva came to the rescue!!!

 

We were able to release equity for Jim and Beverleyof  £150,000 to gift to their daughter, with their son’s blessing .At the same time they have immediate access to a drawdown pot where they would be able to help themselves if they ever needed, or help their son, to balance out the help that they were giving to their daughter.

 

Beth then secured her family home and did not have the worry of paying a mortgage every month, whilst Jim and Beverley had the delight of being able to help, without risking their own immediate finances.

 

Please get in touch if we can help you to help your family when they need it most of all by releasing the equity in your home.