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.
Will Baby Boomer Generation Need Help in Retirement?
Next March will mark 65 years and nine months since the end of World War Two, which would suggest the first wave of the baby boomers will be reaching retirement. This could see many of these considering an equity release scheme to help them out in the current climate.
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.
50% Of Equity Release Customers Missing Out On State Benefits
The same recent survey by Safe Home Income Plans (SHIP) that identified a need for more clarity between equity release and state benefits has also identified as much as 50% of equity release customers aren’t getting the state benefits they are entitled to.
More Information Needed About State Benefits and Equity Release
A new survey produced by Safe Home Income Plans (SHIP) has identified a continuing demand for greater information from the Government about the relationship between equity release and state benefits.
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.
Value Of Equity Release Market Increases
The equity release market has grown in value by 4% in the third quarter of 2010. This is according to statistics released by SHIP (Safe Home Income Plans), who credit “increased customer demand” for the growth.
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.
