Archive for the ‘pensions’ tag
A Good Month for the Equity Release Market
In the equity release market, the month of April could be seen as a vital month with homeowners increasing equity in their properties, further calls for the Government to consider equity release schemes and a robust start to 2010 highlighted by SHIP.
More Clarity Between Equity Release and State Benefits Needed
Safe Home Income Plans (SHIP) has called for more clarity about how equity release can affect state benefits and to achieve this, they have implored financial advisors to communicate their thoughts as well as those of their clients through a questionnaire.
Homeowners Increase Equity in Their Homes
Homeowners have increased their stake in their homes by £22.3billion in the past year to continue a trend of paying off the mortgage, which could see many enjoy more from an equity release scheme in the future.
Equity Release Market Affected by the Budget and House Prices
News in the equity release market during March was marked by fluctuating average house prices, inflation and pensions. With the announcement of the 2010 Budget during the month, it was inevitable that issues directly affecting finance would bring equity release into the headlines.
Is Equity Release the Answer to the Pension Crisis?
According to an All Party Parliamentary Group, equity release schemes could help Britain’s retired homeowners beat the pension crisis. However, they have stressed that better quality services, like high quality advice, should first be introduced by the equity release providers.
Equity Release Schemes Could Help Homeowners Pay the Mortgage
An equity release scheme could help homeowners relying on credit cards to pay the mortgage, ease the burden of debt. This is in light of a survey produced by UK housing charity, Shelter, which showed that up to one million households had borrowed money on a credit card to pay the mortgage or rent.
Pre-Budget Report Could Strengthen Equity Release Market
Alistair Darling’s pre-Budget announcement (Wednesday 9 December 2009), as expected, affected the equity release market. However, his announcement to reduce tax relief on pension savings could lead to retired homeowners pursuing other options for finance – notably equity release.
AIFA Urges Government to Re-Examine Obstacles to Equity Release
Ahead of the pre-Budget report on Wednesday 9 December 2009 the Association of Independent Financial Advisors (AIFA) has urged the Government to “re-examine obstacles to equity release so that there are fewer disincentives for consumers.”
Using Equity Release as Part of Future Planning
With 39% of people in the UK likely to be dependent on the state pension when they retire, planning for your future has once again become a prominent issue. As a result of this, equity release schemes could feature as a viable financial tool in the future.
Equity Release News Roundup – October 2009
The top equity release news stories covered in the Age Partnership news blog during October 2009.
