For many years, UK homeowners facing financial hardship were forced to resort to expensive equity release schemes to supplement their income or solve a monetary predicament. Until recently, few alternatives existed for individuals who were in dire need of a quick cash injection, and hence equity release schemes – despite their inherent risks – seemed to be the only option available to struggling UK homeowners.
However, the dangers attached to such schemes became widely noted, and MPG decided that a safe, inexpensive and reliable alternative to equity release was sorely required in the UK. And boy, were we right! Ever since the introduction of our fast home sale solutions and Sell and Rent Back option, hundreds of UK homeowners have turned to us during times of financial difficulty. Our guaranteed home buying offer has enabled countless people to solve their financial problems quickly and simply – and even continue living in their homes, if they so wish.
It’s not necessary to take a gamble merely because you’re facing a financial quandary. After all, during times of adversity, the last thing you should be doing is adding to your stress – or, worse, taking even greater risks. Turn to MPG and discover a dependable, affordable solution to your current predicament.
Equity release schemes provide temporary relief from undesirable financial circumstances, by enabling homeowners – particularly cash-strapped pensioners – to access the equity they have accumulated in their homes. Elderly homeowners, often referred to as being “property rich and cash poor”, have for years been fooled into believing that equity release is an ideal solution to such emergencies as impending repossession, rising consumer debt or the death of a breadwinner. In fact, in some cases, individuals are even persuaded to exchange their home equity for a cash loan in order to have a more comfortable retirement!
But before you enter into an equity release scheme, it is important to know your facts. The initial promise of instant cash often blinds individuals to the underlying pitfalls of unregulated equity release schemes, several of which only become apparent once homeowners have sold a portion – or all – of their property to a third party (such as a reversion company).
For example, in the case of so-called “interest free” lifetime mortgages, cumulative interest must be repaid when the home is sold. If a retired homeowner opts to sell their home in order to move into a retirement home, he or she may find themselves strapped for cash once again due to these interest payments. You may only have reverted 50% of your home’s value – but, due to property price hikes and mounting interest, you could find that you walk away from the sale with virtually no cash in your hand. Worse still, you’ll be expected to repay 50% of your home’s value once you sell – regardless of its rise in value. With no home and very little cash, your retirement may no longer seem so rosy.
MPG, however, offers an alternative to harmful equity release schemes – and one that won’t have you locked into a risky agreement for years to come. By selling your home to MPG, you’ll receive cash for the property within one week. There are no contracts involved, and once the deal is complete, the cash is yours to do with as you please! Best of all, you can continue living in your home, even after you’ve sold it to us, if you opt to take advantage of our innovative Sell and Rent Back solution.
There are no commission fees or hidden costs when you sell to MPG; in fact, we’ll even pay your legal fees if you make use of one of our experienced solicitors. MPG’s expert consultants will tailor a solution aimed at solving your individual predicament, in a time frame that suits you. Why take a chance with your biggest asset at a time when you can least afford to?
Contact MPG Investments today on 0800 634 9231 and find out more about our reliable alternatives to equity release schemes.
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