Welcome to our blogs which relate to the financial services you may be interested in from mortgages to pensions; protection to auto-enrolment and many more. So why not grab a drink and enjoy the read.
A lifetime mortgage is a type of equity release that’s usually for people aged 55 and over. It’s a tax-free loan secured against your home that can be a great way to release money tied up in your home for things such as home improvements, gifting to family or just to make life a little easier. You can use a
– a few reasons you might consider a lifetime mortgage. Equity Release is a way of tapping into some of the value of your home to unlock tax-free cash for homeowners aged over 55. It is a lifetime mortgage which is a long-term loan secured on your home. Home Improvements Whether it’s futuristic smart locks for your doors, a bigger
An increasing number of older homeowners are choosing to release equity with cost-of-living pressures still the main reason for tapping into the value of their home. Equity release allows over-55s to access some of the value of their home as tax-free cash. In total, homeowners used equity release to borrow £6.2bn in 2022, a 29% yearly rise. Since 2017, the
With a lifetime mortgage, you can use your home to fund what’s important to you. You might have heard about ‘releasing money from your home’ through equity release. But what do you actually know about it? There are a whole load of ifs, buts and uncertainties around this type of financial arrangement. So we’re here to help you pull apart
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.
Want to move, need to move, family needing deposit monies for purchase? No savings? Unable to get a mortgage? If the above sounds familiar, there are new styles of Equity Release schemes that will help achieve any of the above. So being that little bit older now helps! Recently we have received several enquiries from older clients looking at ways
Product options more than double in 2 years: 139 in August 2018, up from 58 in 2016. Number of homes in England bought with a gift or loan from family or friends reaches a new high of 1.1m. New Customer numbers driven by increased product flexibility and more competition in the market as people seek to meet pressing social needs
Chris Davies (71) and his wife Ruth (70) have lived in the same property for 34 years. Chris has started to suffer with arthritis and has found that negotiating the stairs in their home and the general maintaining of the property more and more difficult. Because of this, they have been looking at moving to a bungalow in the same
A long-running survey carried out by thinktank the International Longevity Centre found that those who took financial advice between 2001 and 2007 had significantly higher savings than those who did not. If you’re approaching retirement, having a financial MOT now could help you put in place the plans you need to provide effectively for your financial future. Utilising Equity release
We have previously posted blogs about Equity Release, what it is and how it is an improving market for customers. This blog will give you a very brief example of how Equity Release is improving for the benefit of its’ customers. The background As with mortgages, providers are identifying a need to make the products they offer competitive. Alongside this,