Yep, it’s that time of the year again! No sooner have we swept the supermarket shelves clear of Ferrero Rocher and prosecco gift sets than we’re filling them up again with tat for Valentine’s day.
Even when I’ve been in relationships I’ve never been a fan of Valentine’s Day. All those pink teddy bears clutching satin hearts to their chests and overpriced special restaurant menus. It’s not my jam. Besides, if it’s a decent relationship then do you really need to have just one day where you do nice things for each other? Isn’t that meant to be every day?
Andy Rowden, MD of Taunton based financial advisers, The Financial Detectives talks about the growth of equity release products.
Andy begins by talking about how modern equity release products are different from the past.
‘The principal is still the same: using some of the money tied up in your home to fund things you want to do in later life. You may remember horror stories of the past, where people inherited a significant debt as well as losing their parents’ property. That can no longer happen. All policies now come with a ‘no negative equity’ guarantee.
I made my first Will eight years ago, when times were simpler. My only concern was who would receive my David Campese-signed World Cup Final program and Fender Telecaster. Since then I have married, own a property with my wife and have two young children. There are now three people more important than anything else. More important than a Fender.