Archive for the ‘Equity Release News From Age Partnership’ Category
House Prices Slightly Higher in 2010
Throughout 2010, UK house prices have fluctuated marginally, seeing some increases but also decreases. However, statistics from the Nationwide suggest that potential equity release customers should be encouraged as 2010 finished with the average price of a UK home marginally higher than at the start of the year.
Pensioners “Worse Off”
The change to consumer price index from the retail price index for pensions could leave many retirees out of pocket. This may lead to many considering an equity release scheme to help boost their funds in retirement.
A Busy Month for the Equity Release Market
The month started with the on-going struggle between equity release and state benefits, with Safe Home Income Plans (SHIP) once again calling for there to be a better understanding of the relationship between the two.
Growing Concern About Cost of Living Amongst Over-55s
Nearly three quarters of over-55 year olds are concerned about the austerity measures and rising cost of living led by the VAT hike in January 2011. Homeowners concerned with the increase in the cost of living might consider an equity release scheme.
Managing the Cost of Winter
The big freeze that has gripped the nation since the past weekend (27 November 2010) is causing major problems for transport but for homeowners, concerns are rising about the maintenance of their properties. An equity release scheme could help homeowners trying to afford any home improvements for the winter.
Avoid Family Loans with an Equity Release Scheme
Borrowing money from family and friends is one way to ease a temporary financial strain but this can lead to problems in the future if these family loans aren’t paid back fully or on time. It has been estimated that this is a growing problem, one that could be eased through the use of an equity release scheme.
House Prices Still 1.4% Higher Than a Year Ago
New figures from the Nationwide have confirmed that house prices remain higher than they did a year ago. This will be encouraging news for potential equity release customers who might be able to release a higher percentage from the value of their home.
Reasons Why Equity Release Grows in Popularity
Earlier this month Aviva celebrated their 100,000th equity release customer completion. It follows on from increased popularity of equity release schemes over the years, which Andrea Rozario, director general of SHIP (Safe Home Income Plans), believes is down to improved trust.
“Radical” State Pension Overhaul Expected
The state pension, which has been the subject of much scrutiny in recent months, is to undergo a “radical overhaul” according to Business Secretary, Vince Cable. This will be welcome news for many people; however, any changes won’t happen overnight as the government seek long-term solutions.
Using Equity Release to Help with Savings
New figures published in a report by HSBC have identified an alarming lack of savings amongst Britons. With as much as 30% of respondents having less than £249 saved for emergencies, an equity release scheme could help homeowners aged over 55-years-old.
