Robert Bull is the CEO of Robert Bull, a bungalow provider for persons aged 45 and above. These are houses ideal for such a population because of their lifestyle. They have reached a point that they are retiring, and the bungalows would be an ideal hosing to live their pension.
Due to any emergency, a homeowner may want urgent access to cash. In most cases, homeowners opt for equity release. Here, they are provided with money that is tied to the value of the house. However, equity release is not like a mortgage, as the loan and accrued interest are paid back later. This can be when the homeowner has passed away, and the burden would be left to the beneficiaries.
It can be an emotional time, people mourning and then paying the debts or losing the house. Robert Bull, therefore, saw it wise not to lead his clients in the wrong direction. Instead, he has devised an alternative that won’t leave his customers regretting their decisions.
Robert Bull advises individuals to opt for RoyaleLife bungalows instead of the equity release. RoyaleLife homes are offered cheaply, and a homeowner would be assured of excess cash when they present their house for exchange. They can use the extras to seek their financial burden and won’t have to worry about the hefty penalties associated with equity release. These bungalows are fully furnished and equipped with everything a homeowner would need.
Equity release has many disadvantages. The superficial benefit should not convince homeowners of access to instant cash. Repaying it lasts longer, and one will have to pay more. Also, it deters one from enjoying benefits like pension credit, council tax credit, and savings credit. One would leave their beneficiaries with the burden to repay the loan, or they would lose the house when the homeowner dies.
For details: robert-bull.medium.com/