Oct 25, 2010

Equity Release: Can Your Home be Your Pension?

After spending 40 odd years at work you would think you would've paid in enough to your pension to live a comfortable and happy retirement. Yet for millions of people this is just a dream, as poor financial management may have led to them retiring with just a pittance left to live on. This is the reality facing many people today and in future years. Being able to jet off around the world and live your retirement to the full is a thing of the past — or is it? One way that all of this may still be possible is to look at your home rather than your pension as the means of an income in retirement.
1 min
Oct 17, 2010

A Good Equity Release Adviser Explores all the Options

When you reach retirement it is natural to start to think about how you can make your life more financially secure. Many people these days are relying on their property to provide for them in retirement and so UK equity release schemes are a well researched retirement funding initiative. Equity release — as a lifetime mortgage or home reversion plan — allows for a tax free cash lump sum or cash reserve to be arranged using the equity in the home. The plans are available to those aged over 55 years of age and who own their own homes.
1 min
Feb 13, 2010

Your Pension: How will you fund it?

Huge numbers of people approaching retirement age — millions in fact – are heading for a worrying mix of hefty mortgages with no savings. A report by Aviva found that 25% of ‘pre-retirees’ – those aged between 55 and 64 – have a mortgage and in 20% of those cases it exceeds £75,000. The report, […]
1 min