Lending to those at or in retirement has exceeded £1bn over the first nine months of this year, which is 34% ahead of last year. The average amount raised has also risen to a new peak of £67,000. …
Equity Release
Equity Release Trade Industry Updates
Getting a Mortgage When you are Older than 55
Traditional Mortgage Providers are reluctant to lend to those at or in retirement even if they have a good pension income and credit rating. Fortunately, a range of interest only mortgages is now available within the Equity Release sector that are suitable for people aged 55+. …
Refurbish Your Home with a Lifetime Mortgage
Many people aged 55+ are seeking to capitalise on the stronger housing market to make improvements to their homes. Releasing funds with a Lifetime Mortgage is a popular method of raising the funds to pay for them.
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The Equity Release Sector Moves Towards The Mainstream
Following the forthcoming introduction of greater pension freedoms for retirees, Pension Providers will be considering new types of retirement plan in order to retain and grow their huge ageing client base. Improving links with the Equity Release sector offers an enticing way forward for all stakeholders in the retirement and mortgage markets. …
Equity Release Lending Soars
The Equity Release market grew very strongly during the first quarter of this year. The popularity of the sector has been increased by the availability of Interest Only Lifetime Mortgages and rising house prices in most regions. The high level growth is set to continue irrespective of the state of the UK economy. …
Equity Release Market Grows by 16%
The Equity Release Council (“ERC”) has announced that the value of funds raised during 2013 by homeowners aged 55+ totalled £1.07bn, an increase of 16% over the amount released in the previous year. …
Releasing Even More Cash with New Equity Release Plans!
Homeowners at or in retirement will be pleased to learn that a new Interest Only Retirement Mortgage has been introduced by Hodge Lifetime giving the opportunity of releasing up to 50% of the equity tied up in their homes. The Plan is unique for an equity release plan in that the amount which can be …
Half of 50+ Advise to Invest in Property to Fund Retirement
Research amongst the over fifties age group has revealed that over half (54%) would advise their children to invest in property to fund their retirement, as well as paying into a pension. 44% of over-50s in work still have a mortgage to pay, with a fifth believing a rise in interest rates would reduce their ability to save for retirement as they would have to keep up with ongoing mortgage repayments. …
No Need to Cut Back in Retirement thanks to Equity Release
Over 60% of 50-plus Britons feel their lifestyle has ‘crashed’ says Saga. According to their report, older people in their millions are being crippled by extortionate living costs, higher than ever petrol prices and poor pay rises. …
Identifying the Best Equity Release Companies
If you are approaching retirement and considering at ways of supplementing your pension, there are a number of options open to you. Bank loans and credit cards require credit and affordability checks and moving home can be very expensive. Another option for over 55s is equity release. There are numerous equity release companies offering a variety of plans to suit different needs. …
