Archive for the ‘Equity Release News From Age Partnership’ tag
House Price Uncertainty Driving Homeowners Towards Equity Release
With there being uncertainly with regards to when the housing market will pick up, many homeowners around the age of 55 could consider an equity release schemes to guarantee that they are able to leave their children an inheritance.
Debt Is a Growing Problem for Over-55s
According to Aviva’s fifth Real Retirement Report, 23% of over-55s don’t expect to be free of debt until they are about 75-years-old and 15% feel they won’t ever be able to pay back what they owe.
House Prices Roughly the Same as a Year Ago
The up and down nature of house prices in recent months is showing signs of stabilising after the Nationwide reported a 0.3% increase in the average price of a UK house during February 2011.
Encouraging Forecast in 2011 for Equity Release
Despite fluctuating house prices and greater calls for better coverage from the Government, 2010 wasn’t a bad year for the equity release market and the forecast for 2011 looks positive too.
Pension Deficit Shows a £68 Billion Shortfall
Research suggests that the pension deficit today remains as high now as it was six years ago, despite an additional £50 billion investment by UK companies. This could encourage some homeowners to consider an equity release scheme.
Pension Age Change Could Prompt Women to Turn to Equity Release
The proposed changes to the state pension age may mean a number of hard-hitting changes for many people, according to the warnings given by experts in recent media.
WRIC Launch Welcomed by Equity Release Trade Body
The WRIC (Workplace Retirement Income Commission), launched to investigate how and why the pensions system is no longer working for the general public, has been welcomed by SHIP, the body for equity release.
House Price Increases Highest in London
The past twelve months have been very up and down in terms of house prices but the Land Registry has produce positive results for the London area and the south in general. This could be good news for potential equity release customers in the area.
Why Will the Government Still Not Engage with Equity Release?
The relationship between equity release and funding retirement has once again been brought into the limelight by Jon King, Managing Director of More2Life. Speaking to Mortgage Strategy he questioned why the “government still [will] not engage with equity release and the solution it can provide.”
Is Equity Release Becoming an Integral Part of Retirement Planning?
Whilst the image and awareness of equity release schemes is still only just on the up, according to some industry experts it isn’t long until it becomes more important.
