Wealden Times | WT260 | January 2024 | Good Living Supplement inside
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Wealden Times | WT260 | January 2024 | Good Living Supplement inside

The lifestyle magazine for Kent & Sussex - Inspirational Interiors, Fabulous Fashion, Delicious Dishes The lifestyle magazine for Kent & Sussex - Inspirational Interiors, Fabulous Fashion, Delicious Dishes

Priceless.Media
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Above left: A converted cow shed and stable cottage can be found to either side of the barn Above: A wooden sculpture carved by a previous visitor stands proud in the garden Left: A large patio can be accessed from the farmhouse Below, left and right: One of the shepherds huts and a trio of alpacas ways as possible.” Integrating the business with the local area has helped the farm to provide a wide range of services to guests and in turn help support the local economy, providing everything from therapists to private chefs. This drive to be part of the solution is really what makes Ian tick and sets Fair Oak Farm apart from the many other similar offerings out there. And it’s evident in the newest of the three eco-tree houses, which has recently opened for guests. Ian explains, “The tree house structure is built from a priceless-magazines.com 56

A SUBURBAN COURTYARD Sale Up to 15 % off 3 rd January - 10 th February 2024 WWW. GA R DE NPR OUD. CO. UK DE S I GN | CONS T R UCT | MA I NT A I N High Street, Cranbrook, Kent, TN17 3DN Tel: 01580 712555 bellhousefabrics.co.uk sales@bellhousefabrics.co.uk When may Equity Release be the solution? Local adviser, Sarah Ferrell, has been a mortgage adviser since 1995 and specialising in Equity Release since 2014. She has seen Equity Release used for many different reasons. This month she shares a number of scenarios that she has encountered over the years. Gift to family Equity can be released to help towards a deposit for a property or to help in other financial ways. The family member is essentially “getting an inheritance early”. There are naturally costs to be considered as ultimately, the recipient is likely to receive less than waiting for an inheritance, but for the right scenario, this can be a welcome injection of funds at a time when it is needed. Cost of living Regardless of age, most people are “feeling the pinch” and this is more acutely felt by those on fixed incomes. Equity can be released with a drawdown facility so that funds can be drawn as and when needed to supplement income or to cover increasing outgoings. The beauty of a drawdown is that interest is only charged as funds are released. House Move It is still little known that Equity Release can be used to PURCHASE a property – it is not only available against a property you already own. In re-locating or up-sizing additional borrowing may be needed and Equity Release can be used to bridge this gap. Divorce Sadly, the statistics of divorce at age 65+ have increased and finance can often be an issue. Equity Release can be used to enable one party to “buy out” the other, or, Equity Release can be used to help both parties with onward purchases. If the marital home is sold and the proceeds divided, neither party may wish to downsize and Equity Release may help in buying a more suitable property. Repay an Interest Only Mortgage There are increasing numbers of people with Interest Only mortgages nearing the end of their term and without the funds to repay the capital. Equity Release can be used to repay a mortgage. As many of today’s plans allow interest payments to be made, they can “behave” like an Interest Only mortgage with a regular payment being made each month. Whatever your reason for considering Equity Release, Sarah maintains that advice and careful consideration are needed. She is happy to visit your home, chat by phone or via video conference to provide a free consultation and she will offer flexible times to suit her clients. ADVERTISEMENT FEATURE Equity Release can reduce the value of your estate and can affect your eligibility for means tested benefits. Call Sarah on 01622 631372 or 07789 007447 or e-mail her at sarah@ferrellfinancial.co.uk You may find answers to some of your questions at www.ferrellfinancial.co.uk 57 priceless-magazines.com SarahFerrellWT251.indd 1 14/03/2023 10:52

Above left: A converted cow shed and stable<br />

cottage can be found to either side of the<br />

barn Above: A wooden sculpture carved by<br />

a previous visitor stands proud in the garden<br />

Left: A large patio can be accessed from the<br />

farmhouse Below, left and right: One of<br />

the shepherds huts and a trio of alpacas<br />

ways as possible.” Integrating the business<br />

with the local area has helped the farm<br />

to provide a wide range of services to<br />

guests and in turn help support the<br />

local economy, providing everything<br />

from therapists to private chefs.<br />

This drive to be part of the solution<br />

is really what makes Ian tick and sets<br />

Fair Oak Farm apart from the many<br />

other similar offerings out there. And<br />

it’s evident in the newest of the three<br />

eco-tree houses, which has recently<br />

opened for guests. Ian explains, “The<br />

tree house structure is built from a <br />

priceless-magazines.com 56

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