Over-55s Out of Work Could Use Equity Release
For many over-55s out of work, the prospects of finding a job are increasingly difficult with the Institute for Public Policy Research (IPPR) reporting that 46% of those out of work have been for over a year.
More Providers Enter Equity Release Market
A “fair performance” from the equity release market in the first quarter of this year could be considered a catalyst for providers returning to the market and new ones entering it.
One Possible Option to Avoid Working Until 70
Homeowners facing up to the possibility of having to work well into their 70s might find that an equity release scheme is the best way to finance an enjoyable retirement.
Equity Release Profile Growing
For many of those coming up to retirement age, equity release is playing a huge part in their lives, at least for those who understand how the sector works. Andrea Rozario, Director General of the Equity Release Trade Body, Safe Home Income Plans (SHIP), has reported that this year started out great for the market and the profile of equity release is growing, which has led to optimism in the sector.
Large Increase in Number of Equity Release Plans Taken Out
The number of pensioners taking out equity release plans has risen during the first quarter of the year. This rise is thought to be partly due to homeowners being tempted by innovation in products.
Is Equity Release Among Most UK Retirement Plans?
As inflation continues to rise for those approaching retirement age and the fact that thanks to today’s modern technology people are living longer, many are considering equity release schemes as part of their retirement plan.
Worry of Impoverished Retirement Leads Over-55s to Lifetime Mortgages
An industry expert has stated that the UK pension system needs bolder reforms and as such Britons may be tempted to look into equity release schemes as a way of freeing up cash.
Energy Prices Continue to Affect Cost of Living
Increases in energy prices and a lack of clarity over costs are continuing to put pressure on homeowners, especially those approaching or in retirement.
Parents Could Help Children Get on Property Ladder
Releasing equity from the family home to help children get on the property ladder could help those children struggling with bigger deposits and average house prices. A recent study produced by Safe Home Income Plans (SHIP) suggests that the average home bought by a first time buyer in 2010 is 558% higher than in 1983.
More Info Needed on Equity Release Plans in the UK
Safe Home Income Plans (SHIP) recently reported that more information is needed when it comes to equity release plans in the UK. SHIP is based in the UK and is the equity release trade body.
