Quality in-Home Long Term Care can be funded by Equity Release says Geoff Charles

Oct. 11, 2009 - PRLog -- Retired homeowners hoping for the very best quality long term care – in their own homes – are finding the financial solution in Equity Release, says Geoff Charles, Managing Director of Bower Retirement Services (http://www.brsequity.co.uk).

Whenever long term care is needed, the best quality in-home care will always be favoured. Retired homeowners who don’t want to leave or sell their properties need a financial solution: and that solution comes in the form of an Equity Release Drawdown Plan, says Geoff Charles.

There are other options of course. Homeowners needing care who have decided against downsizing to a less expensive property because they don’t want to leave the family home may be able to use their savings - if they have enough - or release some investments to fund their care. However, these options are not always suitable and savings can soon run out.

Thankfully there is another avenue to be explored, and that is Equity Release. Geoff Charles, an Equity Release Specialist, explains: “With a Drawdown Equity Release Plan, cash can be released from a home and then drawn down in stages as it is needed. It can also be set up as a monthly income to cover ongoing care costs. The benefits are that the homeowner continues to live in and own their home.”

Homeowners looking to fund care in their own home; those who only want the best quality care; are turning more and more to Equity Release. Geoff Charles summarises by offering this advice: “Anyone considering Equity Release as a way of funding long term, in-home care should always take independent financial advice from an equity release specialist who takes time to properly get to know exactly what they wish to achieve and will help them make decisions that are in the best interests of them and their family.”

Bower Retirement Services is an FSA regulated independent financial advice company that offers specialist advice on equity release throughout the south of England. For more information e-mail info@brsequity.co.uk or call 0800 4118668. Bower Retirement Services offers a free, no obligation initial consultation to homeowners considering Equity Release.

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Bower Retirement Services is an FSA regulated independent financial advice company that offers specialist advice on equity release throughout the south of England. For more information visit http://www.brsequity.co.uk