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How to use your home to save money for your grandchildren

Your property wealth could be a means to help support the younger generation.

Supporting children and grandchildren is something that some families may consider as part of their longer-term financial planning, particularly when thinking about how they might help with significant life events.

As young people strive for independence, the rising cost of homes and the large deposits required could make grandparents saving for their grandchildren more important than ever.

In this article we explore the options grandparents may have when it comes to saving for grandchildren, gift giving, paying for regular expenses like tuition, and utilising the wealth tied up in their homes through equity release.

Later, we will explain that you can get expert advice on using your property wealth through Royal London Equity Release Advisers, the provider of the Telegraph MediaGroup Equity Release Service.

Four reasons to gift money to grandchildren

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