Recent media reports have indicated that a growing number of young people in Britain are finding it difficult to make ends meet. And because of this, many parents or grandparents are looking into ways of finding the money to help them, perhaps by providing lump sums to pay for deposits on first homes or to lend a helping hand to get loved ones out of debt. …
Tag: equity release adviser
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. …
Combating the Cost of Living with Equity Release
In the past, retirement was seen as a phase of life where hard working men and women could sit back, relax and reap the rewards of a lifetime of employment. But due mainly to increasing costs of living, the reality is that many hardworking people face a totally different situation. …
Travelling in Retirement Made Possible Thanks to Equity Release
According to the UK’s media, a growing number of people are looking to free some of the cash that forms part of the value of their home. The popularity of equity release schemes is rising at the moment, with more home owners looking to take advantage of the value locked into their homes with a lifetime mortgage or home reversion plan. …
Make the Most of the Value in Your Home!
The UK is still recovering from the effects of a particularly nasty recession, and with economic turmoil comes receding confidence. However, for people who have bought their own homes, there could be a solution right in front of their eyes. Equity release allows them to use the value of their homes to their financial advantage.
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The Popularity of Equity Release Schemes
Nearly everybody who approaches retirement does so with a certain degree of worry. Whilst many look forward to living out their twilight years at a slower pace, some worry that financially they may not be able to cope. For this reason equity release schemes are just as popular now as they have ever been, and combined with sound independent financial advice, in retirement many homeowners benefit from releasing equity from their homes. …
Home Reversion Repays Mortgage & Funds Home Improvements
Bower, 2009 Equity Release Award winners, recently helped a retired divorcee in her late sixties to increase her disposable income by arranging for her to repay her mortgage and bank loan via a Home Reversion Plan.
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Flexible Drawdown Lifetime Mortgage Funds Care in the Home
Often in later life it gets to the stage where if you live at home on your own, you could do with some extra help with everyday living. …
Equity Release Improves Lifestyle & Provides Rainy Day Fund
A retired couple in their seventies recently approached award winning equity release specialists Bower as they wanted to finance their holidays and hobbies and create an emergency savings fund to give them peace of mind should the unexpected happen. …
Expect No Inheritance Says Report
Only ten per cent of Europeans reckon they are intending to pass on “significant wealth” to their kids says a consumer finances survey by Janus Capital Group. …
