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Oct 7, 2010

A Way of Borrowing in Retirement

Although the so called austerity measures announced by the Government are designed to cut public spending and get the economy back on track, the reality is the average homeowner is still facing serious financial difficulties even before the inevitable cuts come into force; especially those in retirement. Banks are still not lending and they are fearful that people will default on their loans. But what is the solution? One ever popular option for those over 55 is equity release.
1 min
Oct 5, 2010

Financial Solutions Not Far Away With Equity Release

Money experts agree it’s not always easy to make ends meet these days, but for many homeowners there could be a solution: it may be possible to free up tax free cash from a property by making the most of an equity release plan. If you qualify for a home reversion plan or lifetime mortgage you may have a golden opportunity to gain a financial boost in retirement. It may be that you’re looking to consolidate some existing debts on loans or credit cards perhaps, or maybe you are hoping to give a helping hand to members of your family who could do with a bit of extra help.
1 min
Oct 4, 2010

Equity Release Helps the Kids

Recent media reports have indicated that a growing number of young people in Britain are finding it difficult to make ends meet. And because of this, many parents or grandparents are looking into ways of finding the money to help them, perhaps by providing lump sums to pay for deposits on first homes or to lend a helping hand to get loved ones out of debt.
1 min
Oct 2, 2010

Equity Release an Option to Fight Poverty in Retirement

A report from the Office of National Statistics (ONS) has worryingly revealed that most single pensioners living in the UK are forced to live on just £27 per day, which works out to under £10,000 per year. As a result, rather than enjoying retirement, many pensioners are forced to work or face constant financial pressures as they grow older.
1 min
Sep 30, 2010

Travelling in Retirement Made Possible Thanks to Equity Release

According to the UK's media, a growing number of people are looking to free some of the cash that forms part of the value of their home. The popularity of equity release schemes is rising at the moment, with more home owners looking to take advantage of the value locked into their homes with a lifetime mortgage or home reversion plan.
1 min