Equity Release News Roundup – September 2009
The top equity release news stories covered in the Age Partnership news blog during September 2009.
Clearing Debt Still the Main Incentive for Equity Release
According to research by Age Partnership, independent equity release specialists, 46% of equity release plans taken out by their customers between August 2008 and July 2009 were used to clear debt.
Read the full story - Clearing Debt Still the Main Incentive for Equity Release
Equity Release Could Boost Misplaced Pensions
An equity release scheme could be the ideal financial plan to help supplement many people’s retirement funds after it emerged that over 37% of Brits who reviewed their pension plans didn’t know where their pension is invested.
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SHIP Continue to Champion Equity Release as a Retirement Fund
With the number of homeowners above State Pension Age (SPA) likely to increase, equity release could become a more popular means of funding retirement. This is the view of Safe Home Income Plans (SHIP) who represents the equity release market and is continuing to petition government to produce a leaflet advertising equity release to those approaching 65 years old.
Read the full story - SHIP Continue to Champion Equity Release as a Retirement Fund
Equity Release Is a Family Affair
It would appear that the much maligned myth of homeowners taking out equity release schemes in isolation isn’t true after all. This is after it emerged that 90% of homeowners considering equity release as a way of improving their lives discussed such an option with family first.
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Equity Release Could Ease the Burden of Student Debt
More parents plan to help their children through further education with financial assistance, according to Sainsbury’s Finance. Equity release schemes could be the answer for some parents wanting to help their children.
Read the full story - Equity Release Could Ease the Burden of Student Debt
Equity Release Schemes Easing The Burden Of Debt
Equity release schemes could help pensioners free up as much as £494 a month and, in the process, reduce stress by repaying debt according to research by Key Retirement Solutions.
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£654 billion of property equity owned by UK pensioners according to Prudential
As signs of recovery appear in the UK housing market the latest figures from Prudential’s equity release index show that homeowners in England and Wales aged +65 have retained £611 billion of equity in their property with an additional £43bn held in Scotland.
Read the full story - £654 billion of property equity owned by UK pensioners according to Prudential
Recession hits pension funds as almost two million Britons delay retirement
Approaching two million people have delayed retirement after seeing a fall in their pension funds, according to survey results from retirement income firm MGM Advantage.
Read the full story - Recession hits pension funds as almost two million Britons delay retirement
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