🏡 Case Study: Using Equity Release to Help a Daughter Buy Her First Home

Client Profile

  • Names: David and Linda, both in their early 70s

  • Occupation: Retired teachers

  • Property: Mortgage-free detached house in Hampshire, valued at £650,000

  • Family: One daughter, Sophie, aged 36, a first-time buyer living in rented accommodation

The Problem

David and Linda wanted to help their daughter Sophie purchase her first home. Sophie had a good income but struggled to save a large enough deposit due to high rental costs. The couple didn’t want Sophie to continue paying rent indefinitely, but they also didn’t want to sell their family home or drastically alter their retirement lifestyle.

The Solution

After a full financial review and careful discussion of their goals, we recommended an equity release plan through a lifetime mortgage. This would allow David and Linda to release a lump sum from the value of their home and have Sophie contribute to the make monthly repayments to avoid compound interest.

We worked closely with a trusted equity release lender and solicitor to secure a flexible product that included:

  • The option to repay up to 10% of the loan annually without penalty, allowing the interest to be serviced

  • A fixed interest rate for life

  • A drawdown facility should David and Linda need it in later life

New Offer Secured

David and Linda released £200,000 through the lifetime mortgage. This gift formed a substantial deposit for Sophie, who then secured a fixed-rate mortgage at a competitive interest rate, also with our help.

The Result

Sophie was able to purchase a two-bedroom flat in Winchester worth £285,000.

  • She moved out of rented accommodation and now owns her first home

  • David and Linda remain in their property, enjoying their retirement

  • Sophie will pay the interest on her parents loan and her own mortgage, both meeting affordability

How J Finance Helped

We provided:

  • Independent advice on equity release and lifetime mortgages

  • A personalised mortgage plan for Sophie, ensuring affordability and security

  • Coordination between solicitors, lenders, and family members to ensure a smooth, stress-free process

This wasn’t just a financial transaction—it was about making a family dream a reality.

Could We Help You?

Thinking about using equity release to support your loved ones?
Let’s have a chat and explore your options in plain English—no pressure, no jargon.

📞 Get in touch with J Finance today.

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.
Equity release will reduce the value of your estate and may affect your entitlement to means-tested benefits.