You are here: Home - Equity Release - How To -

Case study – Lifetime mortgages

Written by:
Mary Harris, 77, and husband Thomas Harris, 84, are retired teachers.
Case study – Lifetime mortgages



Mary was a maths teacher while Thomas taught chemistry. . The couple, who have no children, decided to release some equity from their property in order to boost thieir income, improve their lifestyle and pay for some health related items.

Mary said they used some of the money because Thomas needed a hearing aid and they wanted to get the best, which sot several thousand pounds.


The couple live in a converted fisherman’s cottage in Newquay.

“We just love it here – the cottage itself, the sea views and our lovely neighbours. We want to stay here forever. So we have no intention of downsizing,” Mary said.

Releasing equity will allow them to maintain their cottage, keep the heating on and take an annual trip somewhere sunny. “IT makes such a difference being able to escape the winter,” Mary concluded.


There are 0 Comment(s)

If you wish to comment without signing in, click your cursor in the top box and tick the 'Sign in as a guest' box at the bottom.

Your Mortgage Guides

Your Mortgage Award Winners 2021-2022

Read our guide to the best mortgage lenders in the UK

Read More >