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: specialist equity release advice
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 …
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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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.
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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. …
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. …
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. …
Ditch the DIY: Equity Release Funds Home Improvements
The UK is a DIY mad country, with men and women of all ages more than willing to have a go at home improvements: whether qualified to do so or not. However, it is estimated that correcting DIY mistakes costs UK citizens hundreds of millions of pounds every year. Improvements around the home are obviously welcome, but with the time and energy — and money — needed to do them properly and put right the errors that so frequently occur, it seems the best course of action is to call in the professionals from the start. But how can home improvements be funded if the homeowners in question are living on a pension?
Releasing Cash to Improve the Home — the Professional Way
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