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: independent equity release advice
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. …
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. …
Supporting the Family with Equity Release
With the Chancellor George Osborne announcing that there is to be a cut to child benefits, many families will soon start to feel the pinch. If helping your family out financially is something you feel strongly about, you are aged over 55 and you own home, a lifetime mortgage or home reversion plan could be worth investigating as both allow the release of cash from a property to spend on absolutely anything desired and in fact one of the most popular uses of equity release is to help out the family. …
Equity Release: Good News for the Over 55s
Every day we are informed in some way that the economy isn’t getting any better and that the government cuts have only just got going. Fuel bills are increasing; inflation isn’t on anyone’s side and the forthcoming VAT rise is hardly helping to make us feel better. …
Making the Most of Retirement thanks to Equity Release
People are living longer these days. The average life expectancy has shot up in recent times and compared to figures from a generation ago, people are experiencing retirements that last well over twenty years, meaning a significant proportion of your life could well be spent not working and looking to live life to the max. …
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. …
Commonly Asked Questions about Equity Release
Retired or retiring soon? By seeking independent financial advice in retirement you will be able to better understand your options and how you can live a more comfortable and enjoyable life after finishing a lifetime of work. One of those options is equity release. …
Financial Solutions Not Far Away With Equity Release
Money experts agree it’s not always easy to make ends meet these days, but for many homeowners there could be a solution: it may be possible to free up tax free cash from a property by making the most of an equity release plan. If you qualify for a home reversion plan or lifetime mortgage you may have a golden opportunity to gain a financial boost in retirement. It may be that you’re looking to consolidate some existing debts on loans or credit cards perhaps, or maybe you are hoping to give a helping hand to members of your family who could do with a bit of extra help. …
Equity Release Helps the Kids
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. …