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: home reversion plan
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. …
National Insurance Pension Change could spell £20K Loss for female Pensioners
On 6 April 2010, new rules on qualifying for the full state pension will kick in. Currently, women need to have worked 39 years to clock up enough National Insurance contributions to be entitled to the full state pension and men for 44 years. However, a change in the rules on 6 April this year …
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. …
Half of 50+ Advise to Invest in Property to Fund Retirement
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. …
Daily Mail Predicts Collapse in House Prices
Many readers of the Daily Mail will have been alarmed by an article in the City & Finance section on Monday 29th August predicting that property prices, and hence the potential release of equity tied up in their homes, could fall by more than 50%. …
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.
…
Equity Release: Can Your Home be Your Pension?
After spending 40 odd years at work you would think you would’ve paid in enough to your pension to live a comfortable and happy retirement. Yet for millions of people this is just a dream, as poor financial management may have led to them retiring with just a pittance left to live on. This is the reality facing many people today and in future years. Being able to jet off around the world and live your retirement to the full is a thing of the past — or is it? One way that all of this may still be possible is to look at your home rather than your pension as the means of an income in retirement.
…
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. …
