Equity Release from Age Partnership

Archive for the ‘equity release schemes’ tag

Equity Release Could Help Retired Homeowners Support Children

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New research from Aviva suggests that 18% of parents approaching retirement expect to continue to have to help their adult children in the future. This has led to 39% of adult children worrying about how their parents will cope in retirement.

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Written by Mark-Blanchfield

August 26th, 2010 at 1:44 pm

Could Equity Release Help with Increased Cost of Living?

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Many UK households are concerned about the increases in cost of living, leaving some fearing that they won’t have enough income. Yet, for homeowners over 55-years-old, an equity release scheme could give them the supplement to income needed to sustain a certain lifestyle.

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Written by Janice-Walsh

August 25th, 2010 at 8:35 am

Adults Relying on Savings to Cover Income Shortfall

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After it emerged that almost a third of adults are relying on their savings to make up for the lack of income in recession-dominated times, for many homeowners, aged over 55-years-old, an equity release scheme might give them the income they need without affecting savings.

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Written by Mark-Blanchfield

August 24th, 2010 at 1:22 pm

Pension Changes Could Force Homeowners to Use Equity Release

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Plans to link private pensions to the Consumer Price Index (CPI) have been met with criticism and, if approved, could affect the value of the pension fund, forcing some homeowners to consider alternative income in retirement like an equity release scheme.

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Written by Janice-Walsh

August 12th, 2010 at 2:30 pm

Slight House Price Fall Won’t Affect Equity Release Market

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The Royal Institute of Chartered Surveyors (Rics) has reported marginal decreases in house prices for the first time since July 2009. However, potential equity release customers shouldn’t be deterred by this news, as they could still enjoy a greater value from the percentage they release when compared to this time a year ago.

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Written by Mark-Blanchfield

August 12th, 2010 at 8:11 am

House Prices Reach 2006 Levels

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The constant improvement in the housing market in England and Wales has reached a level last seen in 2006, and many commentators believe that this will remain constant throughout 2010.

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Written by Janice-Walsh

August 2nd, 2010 at 2:30 pm

Homeowners Battle Recession by Releasing Equity

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As many as a third of equity release customers are releasing some of the value from their homes to pay off debts.

According to new research commissioned by Age UK and carried out by The University of Birmingham, more homeowners are turning to equity release as a means of easing the burden of debt.

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Written by Mark-Blanchfield

July 12th, 2010 at 8:42 am

The Budget and House Prices Affect Equity Release

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During the month of June the equity release market was once again affected by house prices, both positive and slightly negative based on different sources, whilst the “Emergency” Budget, announced by the coalition Government, also impacted on the equity release market.

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Written by Mark-Blanchfield

July 6th, 2010 at 3:28 pm

Less Than 50% of People Are Saving Enough for Retirement

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According to a new survey by Scottish Widows, only 48% of people are saving enough for their retirement. With such a shortfall in pension savings, alternative sources of income like equity release schemes might be needed.

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Written by Janice-Walsh

June 30th, 2010 at 4:36 pm

Government Plans to Bring Forward Pension Age Increase

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In a move that could see many Brits working well into their late 60’s and, possibly, early 70’s sooner, the Government’s decision to bring forward the increase in retirement age could result in more homeowners turning to equity release.

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Written by Janice-Walsh

June 28th, 2010 at 3:01 pm