Archive for the ‘pensions’ tag
Using Equity Release to Make Up the Pension Shortfall
With the new coalition Conservative and Liberal democrat Government remaining committed to public sector pension reform and further cuts, there is a worry that numerous people might be affected. However, by using an equity release scheme, homeowners from the public sector that are approaching retirement might be able to improve their lifestyles.
Five Top Reasons For Equity Release
Homeowners across the UK release equity for a whole number of reasons, whether it is about improving quality of life or managing debt. However, what are the five main reasons that people release equity from the value of their properties?
SHIP Urge New Government to Promote Equity Release
The equity release trade body, Safe Home Income Plans (SHIP), has urged the new Conservative and Liberal Democrat coalition Government to “help to improve the standard of living for older people” and consider equity release as a tool for funding retirement.
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.
