Mrs Kadir is a divorced and retired lady in her 70’s from Surrey, with grown up children and young grandchildren. One of her children had received funds from her to buy her first house and Mrs Kadir wanted to provide the same support to her other daughter. Her daughter dreamt of buying a home, along with land to develop her self-employed business venture in New Zealand which was going to be a micro bakery.  

The value of the Surrey property had increased to £1.7m, accumulating significant equity and so making equity release a viable choice. Mrs Kadir conducted extensive research independently and sought guidance from her financial adviser, Paul from Crabtree Later Life Mortgages Ltd to navigate the equity release process.  

In no time, Mrs Kadir had successfully secured £400k to gift to her daughter, a moment of immense joy for her. “My eyes were completely open and I understood the pay back and terms and conditions of equity release. My inheritance tax bill has also been reduced as I have been able to gift this money early, rather than after I die, so that is a positive result as well.”  

Having a good client and advisor relationship helped Mrs Kadir to lose any concerns or worries about taking out equity release. “I was very anxious about doing equity release because I’m not a borrower. Paul and Crabtree Later Life Mortgages Ltd were able to clarify how much I could borrow, simplify the paperwork and held my (virtual) hand throughout the whole process. It was like having a best friend who answered all questions patiently and with great understanding.”  

Mrs Kadir feels like she has the best of both worlds after taking out equity release. ‘I have the joy of helping my daughter start her new life in New Zealand, as well as the comfort of knowing I have my bricks and mortar home.” 

For more information about Crabtree Later Life Mortgages, please visit: https://www.crabtreellm.co.uk/