Archive for the ‘retirement’ tag
Biggest cash back deal from Just Retirement
Our latest equity release plan from Just Retirement has some great features;
- £600 cash bonus when your plan completes
- Free property valuation (so it won’t cost you a penny to apply for this plan)
- Preferential low interest rate that can be fixed for life, saving you thousands of pounds
- Cash reserve facility in case you require more money in the future
And, did you know that house prices were higher in July than June, according to mortgage lender Nationwide? So you could have more equity in your home than you think!
This fantastic plan also allows you to release tax-free cash from your home over time, as and when you needed it, reducing the amount of interest that is accrued. What’s more, with this brand new lifetime mortgage from Just Retirement you to maintain 100% homeownership and there are no monthly repayments to make!
For more information please follow this link http://www.agepartnership.co.uk/equity-release/things-to-consider/
The overall cost for comparison is 6.9% APR. Plan availability is subject to lender’s criteria.
The actual rate available will depend upon your circumstances. Ask for a personalised illustration.
Don’t fall short with your annuity – consider acting quickly
Millions of retirees could be affected, as European and US debt problems have a negative impact on annuity rates.
This means that if you’re approaching the time when you want to turn your penson pot into an annuity (an income for life) you should consider acting sooner rather than later.
It’s essential that you not only shop around for the best rate, but that you also find out if you qualify for an enhanced annuity, which can mean a bigger income. Minor lifestyle choices such as drinking or smoking and common medical conditions such as high blood pressure or diabetes can enhance your retirement income.
In fact, did you know that 77% of people are missing out on additional income in retirement by not enhancing their annuity?
Source: The Independent & www.MGMadviser.com
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/
The Reform of Pensions Needs Shifting a Generation
As people today tend to live longer and continue to work longer, it has been said that a tax reform is critical. The removal of the requirement to have to purchase an annuity plan before the age of 75 has been generally welcomed by the financial industry as a step in the right direction and it is thought that this will help to avoid a dependency on annuities.
Not Enough Savings for Retirement Age
The Scottish Widows seventh annual pensions report suggests that individuals are failing to save adequate money for their retirement. Therefore it is likely that there could be an increase in the amount of individuals 55 years old or more seeking out equity release schemes at some time during their retirement.
Pensions Put Back May Mean More Relying on Equity Release
The proposal by the government to put back the age at which pensions may be drawn may leave some pensioners struggling financially and could see more relying on equity release.
Over-55s Out of Work Could Use Equity Release
For many over-55s out of work, the prospects of finding a job are increasingly difficult with the Institute for Public Policy Research (IPPR) reporting that 46% of those out of work have been for over a year.
One Possible Option to Avoid Working Until 70
Homeowners facing up to the possibility of having to work well into their 70s might find that an equity release scheme is the best way to finance an enjoyable retirement.
Is Equity Release Among Most UK Retirement Plans?
As inflation continues to rise for those approaching retirement age and the fact that thanks to today’s modern technology people are living longer, many are considering equity release schemes as part of their retirement plan.
Worry of Impoverished Retirement Leads Over-55s to Lifetime Mortgages
An industry expert has stated that the UK pension system needs bolder reforms and as such Britons may be tempted to look into equity release schemes as a way of freeing up cash.
