Archive for the ‘Equity Release’ Category
Equity Release Could Help Retired Homeowners Support Children
New research from Aviva suggests that 18% of parents approaching retirement expect to continue to have to help their adult children in the future. This has led to 39% of adult children worrying about how their parents will cope in retirement.
Adults Relying on Savings to Cover Income Shortfall
After it emerged that almost a third of adults are relying on their savings to make up for the lack of income in recession-dominated times, for many homeowners, aged over 55-years-old, an equity release scheme might give them the income they need without affecting savings.
Equity Release Market Expected to See Major Growth
A lack of pension provision is likely to make equity release schemes a lot more popular over the next few years according to 98% of independent financial advisors (IFAs).
Can Equity Release Help Unemployed Over-55’s?
The amount of over-50’s in long-term unemployment has risen by 50% over the past year to take it to a ten-year high. However, as many homeowners over 55-years-old continue to struggle with the recession, an equity release scheme could provide them with the access to much needed funds.
More People Working Beyond 65 Years Old
Over 40,000 people aged 65 years old or more have joined the UK workforce in the past three months, the largest quarterly rise of its kind. With limited funds available in retirement cited as the chief reason for this rise in numbers, equity release could help some of those homeowners enjoy their retirement.
Pension Changes Could Force Homeowners to Use Equity Release
Plans to link private pensions to the Consumer Price Index (CPI) have been met with criticism and, if approved, could affect the value of the pension fund, forcing some homeowners to consider alternative income in retirement like an equity release scheme.
Slight House Price Fall Won’t Affect Equity Release Market
The Royal Institute of Chartered Surveyors (Rics) has reported marginal decreases in house prices for the first time since July 2009. However, potential equity release customers shouldn’t be deterred by this news, as they could still enjoy a greater value from the percentage they release when compared to this time a year ago.
“Equity Release Can Allow Consumers to Fund Care”
Safe Home Income Plans (SHIP) has responded in a positive manner to Secretary of State for Health, Andrew Lansley’s comments regarding the ‘Commission on the Funding of Care and Support’.
Fixed Retirement Age Won’t Restrict Employees Anymore
The fixed retirement age is to be scrapped, giving employees more options to remain in full-time employment.
SHIP Encouraged By Second Quarter Performance
Safe Home Income Plans (SHIP), the trade body for the equity release market, have released figures pertaining to the performance of the market in the second quarter of 2010.
