Archive for the ‘equity release schemes’ tag
Equity Release Could Help Retired Homeowners Support Children
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.
Could Equity Release Help with Increased Cost of Living?
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.
Adults Relying on Savings to Cover Income Shortfall
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.
Pension Changes Could Force Homeowners to Use Equity Release
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.
Slight House Price Fall Won’t Affect Equity Release Market
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.
House Prices Reach 2006 Levels
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.
Homeowners Battle Recession by Releasing Equity
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.
The Budget and House Prices Affect Equity Release
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.
Less Than 50% of People Are Saving Enough for Retirement
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.
Government Plans to Bring Forward Pension Age Increase
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.
