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Equity Release Trade Industry Updates
The average age of a customer taking out a lifetime mortgage still sits at a shade under 70, but myself and advisers alike foresee this creeping down year on year. Right now, I think you’d still call 70 ‘later life’ but I’m sure many pensioners, and perhaps some of my friends and family, would strongly …
The world seems to be totally imbalanced at the moment. What with the endless political drama here in the UK, the EU and across the pond in the States, 2020 was anything but dull. Add to this the continuing coronavirus pandemic and the worldwide financial difficulties many predict will drag on for years, and the …
With people living longer and pensions not always sufficient to maintain a lifestyle of your choosing, or to meet your financial needs, equity release can be a financial solution for an increasing number of over 55’s. …
One of the questions most commonly asked during equity release appointments is: “Can I still leave an inheritance for my family?”. The short answer is yes. In this article, we explain how. …
Equity release can be a great way for homeowners to access some of the cash tied up in their property to spend as they wish; whether it’s paying off debt, home improvements, holidays or simply enjoying a comfortable retirement. However, sometimes all of the terminology, jargon and finance lingo can be confusing which makes it …
In recent years, not only has there been an increase in homeowners looking to release funds from their home via equity release, but the market has also grown more competitive with lower fixed interest rates and increased flexibility within the plans. This has all impacted the cost of equity release. Whether you already have an …
How Can I Avoid Equity Release Risks? Equity release can be the ideal solution for older homeowners who are looking to access some of the equity locked in their home without having to sell up or move. However, as with most things, equity release can have risks and isn’t suited to everyone. It is always …
The term ‘equity release’ is used when referring to products that allow homeowners to unlock cash from the equity accumulated in their property, but without having to sell up or move. The amount of ‘equity’ is calculated based on the properties current market value, minus any mortgage or debt which might be held against it. …
If you own your own home and are over the age of 55 then it might be that you are already retired, or it is something that will be happening in the not-too-distant future. As we all know, planning, saving and pensions can only go so far and even the best prepared of us will likely have a tight …
In order to help give greater flexibility and meet the evolving needs of equity release customers, the ERC has announced a new product safeguard which will help to mitigate the costs of later life borrowing. From the end of March onwards, homeowners who take out lifetime mortgages which meet the ERC’s standards will be guaranteed …
