Archive for the ‘property equity’ tag
Up to 37% more tax-free cash available through Age Partnership with no monthly repayments to make
This brand new enhanced plan allows you to release more money from your home whilst maintaining full ownership. It takes into consideration your health and lifestyle to calculate your equity so you could access more funds than before. As an Age Partnership client you could also access exceptional plan terms saving you up to £11,504*.
These include a preferential low interest rate that isn’t available direct through Aviva and a free property valuation – or £270 off the fee if your house is worth more than £250,000. Plus, you’ll also receive a £200 cash bonus when your plan completes.
But that’s not all! You can choose to guarantee a proportion of your property’s value at no extra cost.
The overall cost for comparison is 7.8% APR. Plan availability is subject to lender’s criteria. The actual rate available will depend upon your circumstances. Ask for a personalised illustration’.
You could release up to 37% more money with this brand new enhanced lump sum max lifetime mortgage compared to the standard lump sum max plan available before 18th July 2011.
*As well as the cash bonus and free property valuation, worth up to £470, if you were to release £45,000 you could save £11,304 in interest (over 20 years) with our preferential plan compared to going direct through Aviva. This is a total saving of up to £11,504.
For more information please follow this link http://www.agepartnership.co.uk/equity-release/things-to-consider/
Managing the Cost of Winter
The big freeze that has gripped the nation since the past weekend (27 November 2010) is causing major problems for transport but for homeowners, concerns are rising about the maintenance of their properties. An equity release scheme could help homeowners trying to afford any home improvements for the winter.
Slight House Price Fall Won’t Affect Equity Release Market
The Royal Institute of Chartered Surveyors (Rics) has reported marginal decreases in house prices for the first time since July 2009. However, potential equity release customers shouldn’t be deterred by this news, as they could still enjoy a greater value from the percentage they release when compared to this time a year ago.
House Prices Reach 2006 Levels
The constant improvement in the housing market in England and Wales has reached a level last seen in 2006, and many commentators believe that this will remain constant throughout 2010.
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.
