My fondest Glastonbury memory was on the way there. It was early 80’s and spent a few pre festival days at Stonehenge. I can recall Hawkwind, what seemed to be miles of open fires on summer solstice night and the rest, I hope you can understand, was and is a blur!
Thanks. That’s helpful to see a real example. As a rule of thumb, I’d read the loan cost doubles every 15 years. So a £40k loan would equate to costing £80k after 15 years. Your example is proportionately less which is encouraging.
Staying put in a happy place is a big plus. Would be useful to know the figure he borrowed. Did you factor in compound interest? ie paying interest on interest over those 10 years
Don’t see the problem with equity release for certain circumstances. You only live once. As a rule of thumb, read a few articles, looks like the loan cost doubles every 15 years. So a £100k loan taken out when your 60 costs £300k when your 90. Not a big deal if your property is in wealthy...
Great memory. Reminds me of my mum back in the 80’s calling out ‘can you play my favourite one’. So on went the The Card Cheat by The Clash. May be a thread in the making!
But I bet people of a certain age would have said things like;
‘Just seen this and this old codger is very underwhelmed’
‘Quite a few who I've never heard of or I have but know nothing about them’
‘It's not staged for people like me though’