Archive for the ‘Lifetime Mortgage’ tag
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Age Partnership, leading equity release specialists, can now help you start 2010 with financial freedom through an exclusive lifetime mortgage from Prudential.
Over a Third of Lifetime Mortgages Used for Holidays and Leisure
According to LV=, 9% of over-50’s are planning to use their homes to help fund retirement, and it appears that over a third of them plan to enjoy it too. This is because Saga Personal Finance reported that 34% of homeowners taking out an equity release scheme – the most popular of which is a lifetime mortgage – plan to use some of the money for holidays and other leisure pursuits.
Lifetime Mortgage Market ‘a Growth Area’
Leading lifetime mortgage providers, Aviva, LV= and Just Retirement have reaffirmed their commitment to the equity release market. The three leading providers of lifetime mortgage plans were joined by a selection of other specialists this week when talking about the potential of the market.
Perfect Time for an Equity Release Recommendation – You Could Win £1,000!
With the festive season sneaking up on us an equity release plan could be the perfect way to ensure that you and all the family enjoy a care-free and joyous Christmas. And Age Partnership, the UK’s fastest growing equity release specialists, is in the mood for giving with a £1,000 Christmas prize draw*!
Equity Release More Popular Amongst Parents
Research from Key Retirement Solutions (KRS) has indicated that 85% of the equity release market is made up of parents, dispelling the myth that such schemes are only used by homeowners without children.
Equity Release Could Help Combat Rising Bad Credit Card Debt
An equity release plan could help increasing numbers of homeowner’s clear bad credit card debt. According to Price Waterhouse Coopers (PwC), bad credit card debt could rise by 3% next year with many homes expected to have £10,000 worth of unsecured debt.
Equity Release News Roundup – October 2009
The top equity release news stories covered in the Age Partnership news blog during October 2009.
Credit Cards Terms Under Review as Equity Release Eases Debt
Managing credit card debt is currently under serious consideration by the government as the number of equity release plans taken out to pay back arrears increase.
Equity Release Scheme Reforms to Help with Care
Improving care for Britain’s aging population is currently taking precedent with the Government and this could lead to changes in equity release schemes.
Lower Incomes and Life Expectancy Could Increase Equity Release
The number of equity release schemes taken out in the future could rise considerably if plans to raise income tax are sustained. This, married with a continued rise in life expectancy levels could see equity release become a vital source to supplement income in retirement.
