Archive for the ‘Equity Release News From Age Partnership’ tag
One Possible Option to Avoid Working Until 70
Homeowners facing up to the possibility of having to work well into their 70s might find that an equity release scheme is the best way to finance an enjoyable retirement.
Equity Release Profile Growing
For many of those coming up to retirement age, equity release is playing a huge part in their lives, at least for those who understand how the sector works. Andrea Rozario, Director General of the Equity Release Trade Body, Safe Home Income Plans (SHIP), has reported that this year started out great for the market and the profile of equity release is growing, which has led to optimism in the sector.
Is Equity Release Among Most UK Retirement Plans?
As inflation continues to rise for those approaching retirement age and the fact that thanks to today’s modern technology people are living longer, many are considering equity release schemes as part of their retirement plan.
Worry of Impoverished Retirement Leads Over-55s to Lifetime Mortgages
An industry expert has stated that the UK pension system needs bolder reforms and as such Britons may be tempted to look into equity release schemes as a way of freeing up cash.
Energy Prices Continue to Affect Cost of Living
Increases in energy prices and a lack of clarity over costs are continuing to put pressure on homeowners, especially those approaching or in retirement.
Parents Could Help Children Get on Property Ladder
Releasing equity from the family home to help children get on the property ladder could help those children struggling with bigger deposits and average house prices. A recent study produced by Safe Home Income Plans (SHIP) suggests that the average home bought by a first time buyer in 2010 is 558% higher than in 1983.
More Info Needed on Equity Release Plans in the UK
Safe Home Income Plans (SHIP) recently reported that more information is needed when it comes to equity release plans in the UK. SHIP is based in the UK and is the equity release trade body.
Equity Release Could Help Pensioners Feeling the Squeeze
Recent reports have suggested that with inflation soaring sky-high and rates on savings being low, many pensioners are feeling the squeeze. However, while cash may be in short supply many pensioners are sitting in a gold mine when it comes to equity release in their homes. Reports have suggested that around £765 billion could be tied up in property.
Worry as Pension Schemes Face Radical Changes
Plans unveiled recently could mean that millions of individuals may be faced with having to pay more into pension schemes and have to work longer until they are able to draw on their pensions. This could mean that homeowners over 55 years old may need to look into equity release schemes for to supplement their pension incomes.
Equity Release Schemes Could help Fund Care Fees
A report is being commissioned which will recommend an overhaul of the care funding system. It is thought that in it there will be suggestions of homeowners turning to equity release schemes and using this money towards the spiralling costs of care.
