Trouble Downsizing? How we can help you.

By John Cossons, Equity Release Adviser. I have recently helped several clients who have interest-only mortgages. They planned to repay their existing mortgage by downsizing. This means selling their existing property and buying something less expensive, to clear the mortgage. However, in the current property market, they have had problems selling the property in time [...]

2019-08-19T13:50:18+01:00 August 27th, 2019|News|

Equity release. Unlock the money in your home.

It is true that most people’s financial wealth in the UK is tied up in their property. Many retired people consider themselves to be “cash poor but property rich”. To help you release this money, equity release can be used in later life to supplement pension income or used to finance major items of expenditure. [...]

2019-08-28T17:05:16+01:00 June 6th, 2019|News|

Home Care. Could Equity Release be the answer?

By John Cossons, Equity Release Adviser Home care is an attractive alternative to residential care and is often preferred by those who have a lower level of care needs and wish to remain in their own home. Home care is available at varying levels for differing care needs. Yet like any form of care, there [...]

2019-05-17T10:01:21+01:00 May 30th, 2019|News|

Equity release could change your life for the better

What is equity release? Equity release is designed for homeowners aged 55 and over to release money from the property they live in without having to make any regular repayments. There are two types of equity release- Lifetime Mortgages and Home Reversion plans. Both are regulated by the Financial Conduct Authority. Using any of these [...]

2019-04-24T12:00:23+01:00 March 7th, 2019|News|

Could Equity Release be the answer to interest only mortgages?

For homeowners with an interest-only mortgage, these can be worrying times. Many will not have a repayment plan and could be looking at an uncertain financial future. The worst affected are people coming up to retirement. They are likely to have taken out an endowment plan which was designed to repay the capital amount of [...]

2019-03-18T15:35:51+01:00 February 25th, 2019|News|

Equity release continues to grow in popularity.

Over the last year, we have seen the equity release market continue to grow. Furthermore, market commentators now estimate that lending has reached over £4 billion.  So why the continual growth? Product Innovation. Many feel that the growth in equity release has been driven by lender innovation.  Across the whole of the later life lending [...]

2019-02-01T17:20:01+01:00 February 14th, 2019|News|

Equity Release: Why you should upsize in retirement?

By John Cossons, Equity Release Adviser with Anstee & Co. This article is based on a recent equity release case that I completed. A 71-year-old client of mine had sold her property and was looking for a new house closer to her family. In an ideal world, she would have loved to buy a bungalow. [...]

2019-01-24T14:21:20+01:00 January 31st, 2019|News|

Equity Release: Planning for Later Life.

Originally equity release was designed for older people who wanted to increase their income in retirement by releasing some of the equity tied up in their homes without downsizing. The equity release market is very competitive with lenders bring out more initiative products that can offer more flexibility than before. These new products still offer [...]

2018-10-11T10:07:08+01:00 October 11th, 2018|News|

Equity release: Product features explained.

Many people who are looking at equity release often get confused about some of the product features on offer. Some would appear at first sight to be just a marketing ploy. Others have some real benefits for you. The list below highlights some of the key terms used by the equity release companies. Check them [...]

2018-05-31T15:43:08+01:00 May 21st, 2018|News|