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, …
Equity Release Helps Beat the Winter Blues!
Fed up homeowners stranded at home whilst the snow continues to fall will more than likely be dreaming of jetting off to sunnier climes; but with finances being stretched to the limit many have little chance of getting away this winter, or even this year. …
Equity Release Provider uses Bower Case Studies in Campaign
Independent equity release specialists Bower are seeing their commitment to exceptional client care and in-depth advice rewarded through being featured in case studies used by leading equity release provider LV=, to promote the benefits of their range of equity release plans. …
State Pension Rise Doesn’t Include SERPS
Perhaps one of the very few almost positive things to come out of the Pre-Budget Report was the April 2010 state pension rise which sees an increase of 2.5% in the rate from £95.25 to £97.65 for a single pensioner and from £152.30 to £156.16 for couples. …
Considering Changing an Existing Equity Release Plan?
Homeowners that took out an Equity Release plan more than five years ago could benefit from a review, says Bower, to see if they could save money by switching to a plan with a lower interest rate. …