The cost of university and college fees in the UK is now more expensive than ever with many students leaving education with considerable debts. If you would like to help your children or grandchildren to fund their education, but you do not have the savings available, then equity release could be right for you.
Tuition fees, accommodation, books, food and the occasional night out all add up to make student life incredibly expensive. If your child or grandchild is about to start university or college you may be concerned about how they will cope financially and worry about how much debt they will be left with. If you are not in a financial position to help them then this can make the worry greater still.
If your child or grandchild has already left university or college you will already be aware of just how expensive further education is with most students left with in excess of £20,000 in debt and faced with potentially making loan repayments well into their 40s or 50s.
If you are aged 55 or over and you own your own home outright or have just a small mortgage then you could use some of the capital tucked away in your home to help pay for your children or grandchildren’s education. This is a valuable gift that will enable them to enjoy their studies without worrying about money and start their working life without the burden of debt.
If you are interested in releasing the capital locked away in your home to help fund your children or grandchildren’s education, then call 0207 158 0881 today to speak to one of our advisors. You can also use our free equity release calculator to find out how much equity you may be entitled to release.
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