Moneyraising options for >70's

kpr

I would welcome any advice for someone wanting to raise a little capital to make life a little easier.

We are an asset-rich, cash-poor, mortgage-free, but homeowning over 70's couple who would like to raise some cash just to remove some of the stress of day-to day expense, but we would rather avoid going down the equity release route.

The only options we have been offered seem to be over very short terms and our bank does not seem interested.

Many thanks.

CloudCuckooLand

There are a number of flavours of equity release. Might be worth a read of the Age UK article, below, to be sure what you do or don't like about each type.

http://www.ageuk.org.uk/Documents/EN-GB/FS65Equity_release_fcs.pdf?dtrk=true

The section about getting professional advice is relevant, even if you discount ER totally. Although I'd lean towards a personal recommendation, rather than risk encountering a salesman-type of advisor...

GMS

Could you sell your property and downsize?

When you say asset rich, what assets do you have? Just your residential property or do you have other property?