Getting retirement ready

The case:

A couple in their mid 70s were looking to purchase their final retirement home but not yet ready to sell.

The financial detail:

Their current home was valued at £600k, and the 'forever' retirement home valued at £280k. They required a loan of £300k against their existing home to buy the new home in cash, using additional funds to update their new home's kitchen and bathroom.


Alongside state pension income the couple had around £500k in a SIPP.

The solution:

TFI was able to monetise the SIPP, and use capital in order to create sufficient income to buy the new home, avoiding expensive bridging requirements.


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