“Ocean Equity Release is a lovely company. They have given me the help I never thought I’d have”.

Wendy Bohannan, Peverell

How Equity Release helped Wendy 

Our Client, Wendy Bohannan, 75, was finding it impossible to make ends meet, despite only having a small amount remaining on the mortgage of her charming property in the heart of Peverell.  Wendy came to Ocean Equity Release for advice on releasing money from her property

Our suggestion was to take out a lifetime mortgage, which would allow Wendy to repay her existing mortgage, as well as her unsecured debts, and complete improvements to her home which was in need of repair. Part of the advice was to use a drawdown facility on the lifetime mortgage. This meant that as Wendy paid off the debts and carried out repairs to her property, interest was only payable on the amount drawn. By contacting our team at Ocean Equity Release, Wendy was able to resolve her financial difficulties. This in turn, led to a reduction in her stress and anxiety. Wendy was so delighted with the service she received, that she wanted to tell others about it who may be in a similar situation.
Plymouth Live wrote a feature about Wendy and how Equity Release helped change her life.

Wendy received the money later that month which helped her to reduce her monthly outgoings, end all calls and letters from her creditors, make property improvements and allow her to draw further funds in the future if required.

“I’ve realised that you do need to talk about your finances but with the right person – a professional person that can point you in the right direction,” she says.

“Ocean Equity Release is a lovely company – especially Stuart Powell. He’s given me the help I never thought I’d have’

“I’d definitely recommend considering equity release – if it works for me, it could work for others. If you’re down and out like I’ve been, and you’ve got a house or some collateral, I’d recommend it because I feel so much more positive in myself and I haven’t got this big weight on my shoulders anymore.

If you would like to find out if Equity Release is right for you, please get in contact for a free, no obligation appointment. 

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About Ocean Equity Release

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What Equity Release can be used for

What Equity Release can be used for

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Calculate the amount you can raise

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The Equity Release Process

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Equity Release set up costs

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Modern Day Equity Release

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Alternatives to Equity Release

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Frequently Asked Questions about Equity Release

Frequently Asked Questions


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How Equity Release helped me

Our Client Wendy, and how Equity Release helped her