Archive for the ‘property equity’ tag
Nationwide Report House Price Increase
After the Land Registry reported that house prices had dropped marginally in June, the Nationwide have released their figures that suggests house prices crept up by 0.1%. Whilst the drop reported by the Land Registry was minimal many homeowners considering equity release will be encouraged with these findings from the Nationwide.
Slight House Price Fall Shouldn’t Deter Equity Release Customers
According to the Land Registry, house prices dropped by 0.2% in May when compared against April’s figures. However, this shouldn’t put off customers considering an equity release scheme because the average price of a house in England and Wales is still 8.2% higher than at the same time a year ago.
Can Equity Release Improve Your Pension Fund?
With people trusting pensions less and less and predictions of many people not having sufficient income in retirement, sourcing alternatives has become popular. Equity release is one such alternative with the value stored in homes providing an additional source of finance.
House Equity Rises by £2billion in 2010
The amount of housing equity grew by £2billion at the start of 2010 to take the total tied-up in British property to £767billion. This is in-line with the consistent house price rises that started in 2009 and have continued into 2010. It could make equity release schemes a lot more attractive for potential customers.
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.
Treating Yourself with Equity Release
The recent house price rises could once again increase the popularity of equity release schemes, especially for those homeowners seeking to improve the quality of their lives in retirement.
House Price Inflation Benefits Equity Release Customers
For the first time in almost two years, UK house price inflation has reached double figures, which could encourage homeowners to release equity from the value of their property.
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.
Homeowners May Still Benefit from Equity Release Schemes Despite House Price Fall
The average UK house price dropped during February for the first time in ten months but equity release customers will be encouraged that the average price of a UK property is still up on a three month basis.
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.
