For those of us with grown up children or grandchildren trying to make the great leap into home ownership, we know only too well the struggle facing our younger generations. In today’s property market, the bank of mum and dad – or even grandma and granddad – is under increasing pressure to help our loved …
Equity Release
Equity Release Trade Industry Updates
Later Life Mortgages vs Lifetime Mortgages
Whether you are looking to move home, access some of the equity tied up in your property, or reduce your monthly outgoings, there is a growing range of lending options available for today’s over-55s. But with so many options to weigh up, how do you go about deciding which could be right for you? …
Are house prices set to crash?
The Treasury have predicted that house prices could plummet should we leave the EU following the 23rd June referendum. Chancellor George Osborne dramatically revealed the research points to house prices falling between 10 and 18pc should we vote for a Brexit result. The figures are based on the Pound Sterling being 3.6 to 6pc lower …
The flexibility of voluntary repayments
Growing numbers of people with maturing interest-only mortgages are using flexible new lifetime mortgage products to pay off their loan. Equity release sales hit record highs in the first quarter of 2016 as homeowners unlocked £393million from their homes in just 3 months. Experts in the industry believe this increase was largely driven by homeowners …
Record breaking start to year for equity release
According to the Equity Release Council’s latest data, the first quarter of 2016 saw homeowners unlock a record breaking amount of money from their homes. …
Equity release lending hits £1.6bn
According to the Equity Release Council’s last report, the second half of 2015 marked the strongest growth in lending activity since 2008. …
Equity release is breaking records!
Equity release lending breaks quarterly, half-year and annual records Drawdown accounts for seven in ten new plans agreed More than 22,500 new plans agreed for the first time since 2008 Market has doubled in size since 2011 and exceeds its pre-recession peak by 33% …
Why are so many homeowners choosing equity release?
With more and more people using their housing wealth to raise funds for their retirement, 2015 turned out to be a bumper year for equity release sales. According to the Equity Release Council, lending in the first to the third quarters last year exceeded the total for the whole of 2013, with around £5m of …
Has equity release become an essential aspect of financial planning?
New research released by Bower has given an insight in to why perhaps equity release sales saw such a large increase in 2015. …
Equity release ‘breaking new ground’ with record sales
Equity release is breaking records! New figures reveal over-55s are withdrawing £5million of housing wealth every single day …