Archive for the ‘Equity Release Guide Articles Age Partnership’ Category
The past twelve months have been tough for over-55s as shrinking salaries have failed to compensate for the increased cost of living and contributed to a rise in the average mortgage debt.
This month, a study investigating why customers choose home reversion schemes and how they choose to use their extra cash, revealed more than 40 percent use it to repay an existing mortgage.
The past twelve months have been very up and down in terms of house prices but the Land Registry has produce positive results for the London area and the south in general. This could be good news for potentialcustomers in the area.
The relationship betweenand funding retirement has once again been brought into the limelight by Jon King, Managing Director of More2Life. Speaking to Mortgage Strategy he questioned why the “government still [will] not engage with equity release and the solution it can provide.”
The influence ofappears to be growing with much of September’s news focusing on this.
The month started with news of house price drops again but this was tempered by long term encouragement for the housing market, which included forecasted 22% rises in value by 2015.
Over the past month, themarket has continued to be affected and possibly affect the poor economic climate. During August house prices dipped but, with retirement ages being put back and pensions reduced by the recession, the value of equity release – as a source of income in retirement – remains.
Age Partnership, the independent What Mortgage 2010 awards.specialists, have been voted as the Best Equity Release Advisors by the
Many UK households are concerned about the increases in cost of living, leaving some fearing that they won’t have enough income. Yet, for homeowners over 55-years-old, anscheme could give them the supplement to income needed to sustain a certain lifestyle.
The month of July will be defined by encouraging news for themarket, news that saw SHIP (Safe Home Income Plans) speak positively about the future of the market.
A study produced by Aviva has identified a link between financial control and happiness, which might encourage some homeowners to consider.