Pension Age Change Could Prompt Women to Turn to Equity Release
The proposed changes to the state pension age may mean a number of hard-hitting changes for many people, according to the warnings given by experts in recent media.
WRIC Launch Welcomed by Equity Release Trade Body
The WRIC (Workplace Retirement Income Commission), launched to investigate how and why the pensions system is no longer working for the general public, has been welcomed by SHIP, the body for equity release.
House Price Increases Highest in London
The past twelve months have been very up and down in terms of house prices but the Land Registry has produce positive results for the London area and the south in general. This could be good news for potential equity release customers in the area.
Why Will the Government Still Not Engage with Equity Release?
The relationship between equity release and funding retirement has once again been brought into the limelight by Jon King, Managing Director of More2Life. Speaking to Mortgage Strategy he questioned why the “government still [will] not engage with equity release and the solution it can provide.”
Is Equity Release Becoming an Integral Part of Retirement Planning?
Whilst the image and awareness of equity release schemes is still only just on the up, according to some industry experts it isn’t long until it becomes more important.
Eroding Pensions Makes Equity Release an Option
The 2.5% increase in VAT has already been credited with increasing the cost of living and now one retirement expert has also pointed out that rising inflation could also have a detrimental effect on retirees with fixed-rate annuities.
Get the New Year Off to a Good Financial Start
With the VAT increase from 17.5% to 20% likely to see a rise in the cost of living, many homeowners will be keen to get their finances in order in 2011. An exclusive drawdown lifetime mortgage for Age Partnership customers provided by Just Retirement could be what some over-55s are looking for.
Could Equity Release Help with the VAT Rise?
Since 4 January 2011, VAT in the UK has increased from 17.5% to 20%. This could considerably increase the cost of living. As a result some homeowners might be wondering how they are going to afford it. An equity release is one option for homeowners approaching retirement or already retired.
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.
