Archive for the ‘retirement’ tag
Could Equity Release Help with Increased Cost of Living?
Many UK households are concerned about the increases in cost of living, leaving some fearing that they won’t have enough income. Yet, for homeowners over 55-years-old, an equity release scheme could give them the supplement to income needed to sustain a certain lifestyle.
Can Equity Release Help Unemployed Over-55’s?
The amount of over-50’s in long-term unemployment has risen by 50% over the past year to take it to a ten-year high. However, as many homeowners over 55-years-old continue to struggle with the recession, an equity release scheme could provide them with the access to much needed funds.
More People Working Beyond 65 Years Old
Over 40,000 people aged 65 years old or more have joined the UK workforce in the past three months, the largest quarterly rise of its kind. With limited funds available in retirement cited as the chief reason for this rise in numbers, equity release could help some of those homeowners enjoy their retirement.
SHIP Welcome Government Review of Benefits
The relationship between equity release and the UK benefits system is one that continues to leave both intermediaries and consumers confused. Therefore, it was with open arms that SHIP (Safe Home Income Plans) received the news of the Government’s decision to review benefits and how they affect equity release.
“Equity Release Can Allow Consumers to Fund Care”
Safe Home Income Plans (SHIP) has responded in a positive manner to Secretary of State for Health, Andrew Lansley’s comments regarding the ‘Commission on the Funding of Care and Support’.
Fixed Retirement Age Won’t Restrict Employees Anymore
The fixed retirement age is to be scrapped, giving employees more options to remain in full-time employment.
Three Quarters Say Equity Release is Right For Them
The Age UK report, released last week has suggested that over three quarters of equity release customers felt the plan was right for their needs. Plus 97% of customers suggested they were satisfied with the plan they took out.
Age UK Report Delights SHIP
Following the release of a research paper by Age UK, looking into equity release, Safe Home Income Plans (SHIP) – the trade body for the equity release market – have responded in a positive manner to the findings.
Pensioner Couples Need £222 a Week
The average pensioner couple will require £222 a week, excluding rent, to be able to live to an acceptable standard. This is according to research carried out by the Joseph Rowntree Foundation (JRF) and, with the pension crisis at the forefront of people’s thinking, it might make an equity release scheme an option in the future.
The Budget and House Prices Affect Equity Release
During the month of June the equity release market was once again affected by house prices, both positive and slightly negative based on different sources, whilst the “Emergency” Budget, announced by the coalition Government, also impacted on the equity release market.
