2017 was a record breaking year for the equity release sector. But what contributed to this success? We’ve listed the pinnacle moments from the past year. …
Equity Release
Equity Release Trade Industry Updates
Could £83k help make your New Year’s resolution a reality?
We all have a list of New Year’s Resolutions. Whether we have physically written them down or just made a mental note of what we’d like to achieve over the coming year. Ones thing for sure – January the 1st is a chance for change. …
Rate hikes: Is your monthly budget about to be squeezed?
Millions of homes across the UK are feeling the pinch thanks to rising inflation. With the base rate set to rise as soon as November, could a further squeeze on our budgets be imminent? …
A Quick Guide to Remortgaging vs. Equity Release
House prices continue to rise and today the average home in the UK is worth £210,982 – that’s £15,249 more than two years ago*. It’s great news for homeowners, especially those seeking a cash boost in later life. If you’d like to unlock potentially tens of thousands of pounds tied up in your home but …
Buy to Let and Second Home Equity Release Products Launched
Landlords of buy to let properties and homeowners aged 55+ with a second home can more easily access their property wealth thanks to exciting new equity release products recently launched. The new buy to let equity release plans are specifically aimed at landlords aged 55 and over, allowing them to unlock a cash lump sum …
Mortgage Strategy Awards 2017 – Winner
A very successful night for Bower at the Mortgage Strategy Awards 2017 as we picked up the award for Best Broker for Equity Release. …
Equity release hits £2 billion milestone
Equity release sales continued to soar in 2016, with total lending in 2016 surpassing the £2 billion mark for the first time. …
Average equity release amount revealed
A leading specialist in equity release has revealed this week the average amount of money being released by customers from their homes. Bower’s figures show that later life homeowners are unlocking an average of £67,735 from their homes, and the tax-free cash is theirs to spend in any way they choose! …
House prices rose by £56 a DAY in 2016
House prices rose by an average of £19,348 in 2016, with the average UK house price now fetching £308,790. According to property website Zoopla, house prices in Britain increased by 6.68% between January and early December in 2016, up from £289,442 – the equivalent of £56.57 a day! …
Equity release lending on course to exceed £2billion this year
According to the Equity Release Council, the third quarter of 2016 saw homeowners releasing a record breaking amount of money from their homes as equity release lending continues to grow. Equity release lending grows as customers unlock record breaking amounts: …