December 2020

COVID-19 and the subsequent restrictions and lockdowns have been a very difficult time for all and although I realise this has been a tough time I haven’t thought enough about what a tough time its been for many financially, not until I saw some statistics published recently in the Express newspaper, and I was somewhat shocked aby the figures!

Some of the details in the

Express, were provided by KIS Finance who conducted a survey of 2,000 adults and examined data from the ONS, FCA and UK Finance among others and although this is spread amongst all age groups it found that the percentage of people in each age group who have had to take out some form of credit, borrow money from family or friends, or sell assets because of the pandemic are as follows:

• 18 – 24s: 59 percent
• 25 – 34s: 66.1 percent
• 35 – 44s: 63.6 percent
• 45 – 54s: 38.7 percent
• 55 – 64s: 23.6 percent
• 65+: 16 percent

I work in the sector dealing with homeowners over 55 and although I am aware that some do carry large debts and wish to find a way to do something about it, I wasn’t aware until now that this has become an even larger problem for certain individuals during COVID-19.

First of all, there are a lot of charitable organisations out there where individuals can have access to free advice and this is certainly a good point at which to start and if all fails, for some an equity release Lifetime Mortgage may be an option to consider.

For more information and to arrange a consultation with a Lifetime Mortgage advisor, contact Blue House Equity Release Kent today

At last, families to be reunited with their relatives in care homes

Across England, those in care homes will get to see their relatives again, with over a million tests to be sent out this month, so from today covering the Christmas period.

This uplift in the testing capacity will allow family and friends to visit those in care homes, giving them the much-needed contact with others in their family.

This will allow a safe balance to be made by the care homes between keeping the infection under control and the wellbeing of those in the care homes.

The virus has kept families apart for too long and this along with the anticipated vaccine which should be rolled out as soon as next week, provides the much-needed light at the end of the tunnel.

The vaccine will be for both residence and staff, thus providing further protection for staff who provide the much-needed care to thus under their care and providing a safer working environment.

For more information and to arrange a consultation with a Lifetime Mortgage advisor, contact Blue House Equity Release Kent today