Equity release

If you are a cash-strapped homeowner over 55, an equity release scheme could be ideal for you.

Many older people have a lot of home equity – value tied up in their property – but would like more ready money. Using a lifetime mortgage or reversion scheme could give you a release of equity, as a lump sum or in regular payments, to supplement your income.

It is essential that you seek professional financial and legal advice before signing up for equity release, as it will impact on your estate.

To find out more, click here and an independent, fee-free mortgage adviser will contact you to discuss your needs.

 

houseonmoney

Warning over advisers' equity release acumen as sales spike

The Equity Release Solicitors’ Alliance (ERSA) has issued an alert to advisers after it became concerned more could be advising consumers on the products "not fully aware of the requirements".

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Family BS links with later life advisers

The Family Building Society, which launched to market in July, has linked up with four partner firms to offer advice to members on Later Life Planning.

elderly-holiday

Outdated ideas over equity release are holding homeowners back

Misconceptions about equity release products are holding older homeowners back from enjoying the equity built up their properties for retirement.

Equity release market grows 26% in H1

Equity released by homeowners rose by 26% to £641.8m in H1 2014 compared to the same period last year, analysis from provider Key Retirement Solutions has shown.

pensioners3

L&G calls for focus on last-time buyers

Nigel Wilson, chief executive of Legal & General, said the group is willing to invest in the last-time buyer segment to give older home owners more choice over how they can use their housing capital.

houseonmoney

LV updates equity release lending policy

Equity release provider LV has updated its lending policy to give more options to retired homeowners.

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Lenders' fear of lending into retirement must be faced

Borrowers who need mortgages beyond retirement age will be the subject of upcoming talks between the Council of Mortgage Lenders and the Equity Release Council (ERC).

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LV= sees 50% rise in equity release sales

LV= has seen a 50% year-on-year increase in its equity release sales to £3m in the three months to March, its quarter one trading statement has shown.

Two pensioners

Average Brit retires on an income below the minimum wage

With an average pension income of just £8,774, new retirees can expect their income to drop by two thirds upon leaving the workplace, says LV=.

houseonmoney

New equity release lender to launch

A new equity release provider is set to enter the market in January 2014, with ambitious plans.

houseonmoney

Quarter of over-45s expect to use equity release

Just under a quarter of homeowners aged over 45 expect to use the equity in their property.

estate-agents-window

Retirees shun home ownership for rental market

Retired homeowners in the UK are stepping off the property ladder to join the quarter of retirees who already rent, according to research by Prudential.

thatched

The winners and losers of the retirement property downsizing race

The region you live in can dramatically impact how much equity you could release by downsizing your property.

elderly-holiday

Equity release market to top £1bn this year

Intermediaries have helped boost the equity release market by 29% over the past two years, figures from the Equity Release Council (ERC) have revealed.

nigel-waterstone

Household names expected to enter equity release market

A number of new lenders are expected to enter the equity release market this year according to a panel of equity release experts.

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Equity release market grows 26% in H1

Equity released by homeowners rose by 26% to £641.8m in H1 2014 compared to the same period last year, analysis from provider Key Retirement Solutions has shown.

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