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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 …
It’s hard to know how long some things will last. Nobody has twenty-twenty foresight and, especially in this most unpredictable of years, it’s almost always advisable to steer clear of concrete predictions. …
Scottish Widows, the life insurance and pensions company, has announced that it is piloting an equity release lifetime mortgage product. …
The team at Bower are overwhelmed to have won the award for Best Equity Release Adviser Customer Service for the 8th year running at the What Mortgages Awards 2020. …
Bower is a nominee for the What Mortgage Awards for both Best Equity Release Broker and Best Equity Release Broker Customer Service! …
Did you know that lenders may allow moving house with an equity release plan? This is because nowadays, some plans have the facility to ‘port’ your plan with you. …
Want to earn extra money in retirement but without getting a job? We’ve put together some ideas for you to explore. As well as keeping the mind active, it can increase disposable income for bills, hobbies, holidays, entertainment and family gifts. …
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. …
There are a variety of ways equity release can improve finances. Our research on the top 5 reasons for equity release in 2019 showed how lifestyles can be changed by releasing cash from your home. …
