Trying to scratch your travel itch? Perhaps we can help
Nearly half of (46%) soon-to-be retirees are looking forward to travelling in their golden years, according to a study from Hargreaves Lansdown. Many over-55s use their retirement to finally visit all the places they had dreamed of.
However, just like writer’s block, it can be hard to know where to start. Once your time is truly your own, it can sometimes feel like there is too much to see and do. To give you some inspiration, we’ve produced a list of 5 lesser-known travel destinations that are sure to slake your thirst for globetrotting.
Top 5 places to visit
1: Japan – No country blends the fast-pace of modern life with its cultural heritage quite like Japan. Experience the futuristic, neon-drenched cityscapes of Tokyo, the soaring peaks of Mount Fuji or unwind at a traditional Geisha performance in the romantic city of Kyoto.
2: Canada – An incredibly diverse country featuring everything from jaw-dropping mountain ranges, beautiful prairies to pristine lakes and forests. Perfect for animal lovers and outdoors types alike. For the more urban-minded, there are always the history-packed Toronto and Montreal.
3: Jordan – One of the safest countries to visit in the Middle East and offers a true representation of the region. The ancient city of Petra, of Indiana Jones fame and one of the 7 wonders of the world, is an absolute must-see.
4: São Tomé & Príncipe – This small two-island nation is a calm, tropical paradise floating off the coast of West Africa. Take a walk through the island’s rich colonial past or relax by a beach in one of the many luxurious resorts.
5: Zimbabwe –A treasure trove of striking landscapes, from the vast expanse of the savanna to the mile-wide Victoria Falls. If you’re into your wildlife, then you can see Africa’s Big Five in action in one of the numerous national parks.
Funding the trip of a lifetime
One important consideration for every would-be traveller is their budget. If you’re looking to travel for a prolonged period, whilst not sacrificing on comfort, then you’ll need a budget to match.
If you are asset-rich but cash-poor, then you could consider accessing some of your property wealth with a Lifetime Mortgage. This specialist loan allows you to release tax-free cash from your home with no required monthly payments – boosting your budget. The initial loan, plus interest, is typically repaid via the sale of your home when you pass away or enter long-term care.
Points to consider
It is recommended you speak to an equity release qualified adviser before deciding on equity release, as they can provide you with a personalised illustration. This is important, as unlocking some of your home’s value now, may reduce the value of your estate in time and may affect your entitlement to means-tested state benefits. Fortunately, plans provided by Equity Release Council approved lenders include customer safeguards, to ensure you can borrow with peace of mind.
Releasing equity to fund travel is a common reason why over-55 homeowners decide to take out a Lifetime Mortgage. Whether you’ve got the travel bug, or are exploring ways to fund your dream retirement, then your property wealth could give you the means to make the most of your golden years.
Use our free online calculator to find out how much you could release today: http://www.responsibleequityrelease.co.uk/equity-release-calculator/
Could equity release help you? Call us now and speak to an expert Information Team Member who will give you all the information you need.
01752 422 930
 ftadviser.com – Health and wealth top retirement fears (December 2018)
* Equity Release Council – Autumn Market Report 2018 (September 2018)