0 Equity Release Improves Life in Many Ways By The Bower Team / In Equity Release As houses increase in value so does the equity built up in them; and it’s that equity that older homeowners are releasing in order to improve the quality of their life in retirement. For some, this improvement means having extra cash available to spend on regular holidays; for others it’s a way of funding a dream purchase such as a new car or motor home or even a trip of a lifetime. However, these are not the most popular reasons for releasing equity, according to new research. So, what are they?Read more
0 House Price Rise Increases Cash Available for Homeowners Considering Equity Release By The Bower Team / In Equity Release Between April 2009 and April 2010, the average house price in the UK rose by 10.5% making this the first time annual house price inflation hit double figures since June 2007. The report, by Nationwide, also showed a 1% increase in house prices during April putting the average at £167,802.Read more
0 Equity Release: It’s not just about repaying debts By The Bower Team / In Equity Release Recent statistics published by Bridgewater Equity Release have revealed the top three reasons for homeowners releasing cash from their homes via a home reversion plan are repaying a mortgage, home improvements and other types of debt consolidation.Read more
0 Two Ways to Boost Retirement Income By The Bower Team / In Equity Release In retirement, every penny counts, and so it is unfortunate that many living on a pension could be paying far too much than necessary for services and utilities. In spite of the media emphasis on the benefits of comparison websites, it seems that many people are failing to shop around for better deals on things like insurance, telephone tariffs and energy, preferring to stick with their existing provider. But is better the devil you know really the right course of action? If there is money to be saved then surely it is worth spending some time seeking better deals?Read more
0 Equity Release is Key Source of Retirement Funding say Politicians By The Bower Team / In Equity Release A key source of retirement funding could come from Equity Release says a well known All Party Parliamentary Group. The group, led by Baroness Hollis of Heigham, suggested that the Government should provide better support to an industry that could offer a solution to the financial issues caused by a progressively ageing population. With additional Government backing, says the group, the equity release process could appear safer and more understandable for the nation’s older population.Read more
0 More than One Million UK Homeowners Set to Release Property Cash to Fund Retirement By The Bower Team / In Equity Release Recent research carried out by Liverpool Victoria (LV=) has found that over a million Britons aged 50 plus plan to take advantage of the rising value of their property to help fund their retirement.Read more
0 Equity Release Helps Beat the Winter Blues! By The Bower Team / In Equity Release Fed up homeowners stranded at home whilst the snow continues to fall will more than likely be dreaming of jetting off to sunnier climes; but with finances being stretched to the limit many have little chance of getting away this winter, or even this year.Read more
0 Considering Changing an Existing Equity Release Plan? By The Bower Team / In Equity Release Homeowners that took out an Equity Release plan more than five years ago could benefit from a review, says Bower, to see if they could save money by switching to a plan with a lower interest rate.Read more