Research amongst the over fifties age group has revealed that over half (54%) would advise their children to invest in property to fund their retirement, as well as paying into a pension. 44% of over-50s in work still have a mortgage to pay, with a fifth believing a rise in interest rates would reduce their ability to save for retirement as they would have to keep up with ongoing mortgage repayments. …
Tag: equity release adviser
Equity release could relieve student debt
As thousands of rampaging university students marched through Westminster this week protesting at tuition fees potentially being raised to £9000 a year, the realisation that many future students may be priced out of attending the top universities began to hit home. …
Best Equity Release Adviser Practice
Homeowners looking for funding options to help them through retirement are increasingly turning to equity release. Seeking the best independent financial advice in retirement is vitally important, and the key to knowing if you have located the best equity release specialist is finding out the level of detail they go into with their advice process.
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Reasons to Turn to Equity Release
Everybody has an opinion on equity release schemes. Some see them as an excellent way to get some much needed financial support in retirement. Whatever your individual view, the fact remains that life in retirement could be changed for the better thanks to UK equity release schemes. They could mean the difference between living a comfortable retirement and or just getting by. …
Equity Release: Treating Customers Fairly
Providing a service is one thing, but it is also extremely important that companies involved in equity release treat customers fairly and with the respect and confidentiality that they deserve and which must be provided with by law. At Bower we consider treating all of our customers fairly as a major company principle and we go about achieving this in a number of ways, so that the best lifetime mortgage or home reversion plan is sought on your behalf. …
Equity Release an Option as Pension Age Set to Rise to 68
Millions of workers throughout the UK will have to wait until they are 68 years of age to claim their state pension as moves to increase the pension age are set to hasten significantly in coming months. …
Live the Life You want with Equity Release
No matter how hard you work in life, by the time retirement comes around you start to realise that what you get out in terms of pension does not really match the effort that you have put in over the years. And combined with dwindling savings being commonplace, retirement for many is not as rosy a prospect as it once was. But worry not. If you own your own home and are aged over 55, with equity release, you still could have that retirement you have always dreamt of. Thanks to UK equity release schemes such as a lifetime mortgage or home reversion plan, you could be looking at a decent cash lump sum or a regular draw down income to enjoy in retirement exactly how you please. …
Your Home and Garden Taken Care of with Equity Release
Are you house and garden proud? If a lifetime of work has gone into making your home and garden as comfortable, elegant and relaxing as you want it to be then you will want to ensure both are beautifully maintained in retirement. …
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.
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Equity Release Combats Inflation Rise
Whenever inflation rises it is usually the older generations who feel the pinch the most. This is exactly what is happening at the moment, with new figures revealing that those aged between 50 and 64 years have faced the highest rate of inflation in the last 12 months. …
