Paxton Associates | Mortgage Advice | Remortgages | Mortgage Brokers | Tunbridge Wells | Kent

Resurgence of the family - one positive outcome of the recession

According to Kent based mortgage specialists Paxton Associates there is one upside of the current recession which is the resurgence of the family.

Martin Greensted explains: "The recession has hit Kent families hard – we cannot deny that. But one positive outcome is the resurgence of the family. We work with families to help them get to where they want; often this involved getting together with parents and their son or daughter who want to move out and buy a first home with a partner. Often they just cannot see a solution or a means of getting that first crucial step on the property ladder. There are options. For example, some Kent based grandparents are now considering taking out an equity release mortgage to help their grandchildren get started on the housing ladder. As a result they keep the family home so the family can still come to stay. In so doing they materially help their grandchildren and, thankfully, also reduce inheritance tax."

Unlocking your home's capital

An equity release mortgage allows a person to release much needed cash from their home, while retaining the right to live in it for the remainder of their life. Any outstanding mortgage on the property is paid off and the extra money raised can be used however the owner prefers, including as a gift to grandchildren, as explained above. Over the years Paxton has helped hundreds of people find a better mortgage. Professional, experienced and easy to talk to, Martin and the team are passionate about choosing the very best mortgage for each and every one of their clients. They complete all the paperwork so clients don't have to fill in any of those ghastly time-consuming forms. For a free consultation or mortgage check visit here or call
01892 834371