Archive for the ‘equity release schemes’ tag
The Growing Influence of Equity Release
The influence of equity release appears to be growing with much of September’s news focusing on this.
The month started with news of house price drops again but this was tempered by long term encouragement for the housing market, which included forecasted 22% rises in value by 2015.
House Prices Increase Slightly in September
After a couple of small decreases in house prices over the past couple of months, the Nationwide has reported a marginal rise for September.
Using Equity Release to Repair the Home
A recent Saga Personal Finance poll has revealed that 34% of over50s in the UK claim their house is in need of repair but 15% cannot afford to fix it. The poll also revealed a number of sources that these homeowners use to pay for repairs yet surprisingly, equity release schemes weren’t mentioned as an option for homeowners over 55-years-old.
Best Equity Release Advisors
Age Partnership, the independent equity release specialists, have been voted as the Best Equity Release Advisors by the What Mortgage 2010 awards.
Long Term Housing Market Shows Encouragement
Houses prices dropped for the second consecutive month in August but the long-term outlook for the housing market shows promise. Homeowners approaching retirement will be encouraged by this news if they are considering an equity release scheme in the future.
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.
