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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 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
May 1, 2010

25% Mortgaged in Retirement

According to a recent report in the Daily Mail, one in four pensioners is taking their mortgage into retirement. A survey of 3,500 people aged 65+ reported that 27% had a mortgage and even more worryingly, the average size of that mortgage was higher amongst those over the age of 70.
1 min