Archive for the ‘Equity Release’ Category
Can Equity Release Improve Your Pension Fund?
With people trusting pensions less and less and predictions of many people not having sufficient income in retirement, sourcing alternatives has become popular. Equity release is one such alternative with the value stored in homes providing an additional source of finance.
House Equity Rises by £2billion in 2010
The amount of housing equity grew by £2billion at the start of 2010 to take the total tied-up in British property to £767billion. This is in-line with the consistent house price rises that started in 2009 and have continued into 2010. It could make equity release schemes a lot more attractive for potential customers.
Using Equity Release to Make Up the Pension Shortfall
With the new coalition Conservative and Liberal democrat Government remaining committed to public sector pension reform and further cuts, there is a worry that numerous people might be affected. However, by using an equity release scheme, homeowners from the public sector that are approaching retirement might be able to improve their lifestyles.
More Good News For Potential Equity Release Customers
The trend of house price rises continued in May 2010 with the Nationwide reporting a 0.5% increase during the month. This could encourage some homeowners to consider an equity release scheme.
Five Top Reasons For Equity Release
Homeowners across the UK release equity for a whole number of reasons, whether it is about improving quality of life or managing debt. However, what are the five main reasons that people release equity from the value of their properties?
Equity Release Could Help Homeowners Working an Extra Year
Following the Queen’s Speech this week (25 May 2010) many experts suggested that the age when people can claim a state pension could rise to 70 years-old, much sooner. This could see some homeowners turning to equity release.
SHIP’s Equity Release and State Benefits Campaign Gathers Pace
Towards the end of last month Safe Home Income Plans (SHIP) once again urged more clarity between equity release and state benefits by producing a questionnaire designed to garner feedback from advisors as well as customers.
SHIP Urge New Government to Promote Equity Release
The equity release trade body, Safe Home Income Plans (SHIP), has urged the new Conservative and Liberal Democrat coalition Government to “help to improve the standard of living for older people” and consider equity release as a tool for funding retirement.
More Equity Release Schemes Used to Help Family Members
There are many ways that an equity release scheme can benefit retired homeowners but it is not limited to just them. This is because an increasing number of equity release schemes are used by parents and grandparents to help out their family.
Younger Homeowners Turning to Equity Release
According to new statistics released by Age Partnership, more homeowners aged between 55 years old and 64 years old are taking out an equity release scheme than a year ago.
