According to a recent survey from moneysupermarket.com, a staggering 24 million people in this country would rather wear an extra layer of clothing than put the heating on. Whilst first thoughts may point to the view that Brits are just looking after their pennies, on closer inspection it may well be the case that many of these 24 million people cannot afford to heat their homes during winter. …
Tag: equity release advice
Equity Release Schemes: More Choice on the Horizon
In the past, equity release schemes were widely available through a number of lenders that included major building societies and banks. However, with the past few years being extremely turbulent in the financial and property sectors, the availability and choice of equity release schemes has diminished greatly. But there may be good news just around the corner for those keen to get the best equity release scheme available. …
What Are the Pros and Cons of Equity Release?
As people enter later life, they sometimes find that as much as they have tried to save up, plan and prepare, that they need additional income in order to do everything that they want to do. Whether it’s for home renovations, luxury holidays or to just simply enjoy a more comfortable retirement, one solution could be to release some of the money …
Equity Release Reduces Inheritance Tax & Funds Education
Bower recently assisted a retired couple in their late sixties who wanted to repay their existing mortgage, reduce their potential inheritance tax liability; pay for a few home improvements and offer a helping hand to pay for their grandchildren’s private education. …
Financial planning for the next decade
With people living longer and pensions not always sufficient to maintain a lifestyle of your choosing, or to meet your financial needs, equity release can be a financial solution for an increasing number of over 55’s. …
A Guide to Equity Release
Equity release can be a great way for homeowners to access some of the cash tied up in their property to spend as they wish; whether it’s paying off debt, home improvements, holidays or simply enjoying a comfortable retirement. However, sometimes all of the terminology, jargon and finance lingo can be confusing which makes it …
How To Reduce The Cost Of Equity Release
In recent years, not only has there been an increase in homeowners looking to release funds from their home via equity release, but the market has also grown more competitive with lower fixed interest rates and increased flexibility within the plans. This has all impacted the cost of equity release. Whether you already have an …
How Can I Avoid Risk If I’m Taking Out Equity Release?
How Can I Avoid Equity Release Risks? Equity release can be the ideal solution for older homeowners who are looking to access some of the equity locked in their home without having to sell up or move. However, as with most things, equity release can have risks and isn’t suited to everyone. It is always …
What are the benefits of equity release?
The term ‘equity release’ is used when referring to products that allow homeowners to unlock cash from the equity accumulated in their property, but without having to sell up or move. The amount of ‘equity’ is calculated based on the properties current market value, minus any mortgage or debt which might be held against it. …
Should You Equity Release?
If you own your own home and are over the age of 55 then it might be that you are already retired, or it is something that will be happening in the not-too-distant future. As we all know, planning, saving and pensions can only go so far and even the best prepared of us will likely have a tight …