Equity Release News Roundup – August 2009
The top equity release news stories covered in the Age Partnership news blog during August 2009.
Increasing numbers of female homeowners choose equity release schemes
More female homeowners are choosing equity release, according to the latest market research by the Equity Release Solicitors Alliance (ERSA).
Read the full story – Increasing numbers of female homeowners choose equity release schemes
Third of equity release customers respond to adverts
Research from Equity Release Solicitors Alliance suggests one third of equity release customers decide on what product to go for based on adverts.
Read the full story – Third of equity release customers respond to adverts
99% of our customers would recommend Age Partnership for equityrelease
In a recent survey of 500 Age Partnership customers over 99% said they would recommend Age Partnership to their friends or family.
Read the full story – 99% of our customers would recommend Age Partnership for equity release
Get the equity release facts with impartial, no-obligation advice
As independent equity release specialists Age Partnership can search the entire equity release market to find you the best plan. We’ll discuss all your requirements and provide you with free initial advice that is impartial.
Read the full story – Get the equity release facts with impartial, no-obligation advice
Aviva Lifetime Mortgage Plan with Preferential Terms for Age Partnership Clients
You may now be able to release even more tax-free money from your home! That’s because Aviva has increased the percentage of your property value that can be released with their latest lifetime mortgage plan. What’s more, with Nationwide publishing a 7.5% increase in house prices since February your house may be worth more than you thought!
Read the full story – Aviva Lifetime Mortgage Plan with Preferential Terms for Age Partnership Clients
Equity Release Boom in 2029
Research from retirement specialists Sovereign Reversions predicts there will be an equity release boom in 2029.
The firm predict that by 2029 there will be 15.1m people over the age of 65 – a 50% increase on the numbers as it stands today. They predict more pensioners than ever will turn to equity release to enjoy a good standard of living and a more comfortable retirement.
Read the full story – Equity Release Boom in 2029
59% of Equity Release Plans Used For Home & Garden Improvements
New research has revealed the top reason UK pensioners are using equity release for is home & garden improvements.
The most popular reasons for home improvements include: new bathrooms, kitchens & conservatories; general decoration; and maintenance. When it came to garden improvements further analysis showed most pensioners are funding garden improvements in a bid to make their gardens more manageable going into their retirement years.
Read the full story – 59% of Equity Release Plans Used For Home & Garden Improvements
Equity release consumer safeguards must be maintained
Leading equity release experts have cautioned against removing the Safe Home Income Plans (SHIP) safeguards from equity release products. The comments follow a warning from Ernst & Young that SHIP guarantees are deterring funders from entering the sector.
Read the full story – Equity release consumer safeguards must be maintained
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