Interest in equity release

Matthew Barrand Equity Release

More than half (57%) of homeowners have expressed interest in releasing equity from their property, according to the Equity Release Council. Across all ages, the most popular reason is to boost pension income and savings, followed by paying for care support at home.

Amendment to minimum pension age rules

Matthew Barrand Pensions

On the 4th November, the government published the Finance Bill 2021/22 which includes an amendment to the normal minimum pension age rules that apply in advance of the change from 55 to 57 in 2028. The minimum age at which people can access their pension will increase from 55 to 57 from 6 April 2028, except for those with a …

Should you overpay on your mortgage?

Matthew Barrand Mortgages

Some families have found it easier to save more than normal during the pandemic, due to reduced outgoings on things like commuting, holidays and entertainment. If you have a mortgage, overpaying is one option worth considering. Benefits of overpaying In a low-rate environment, savings rates are likely to be lower than your mortgage rate, so any overpayments are likely to …