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+00:00 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+00:00 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+00:00 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+00:00 May 21st, 2018|News|

Housing wealth could be the key to comfortable retirement.

Couple planning their retirement People retiring over the last twenty years, have on average, seen enormous rises in the value of their homes. Figures show that house prices have risen in England by 42% in the last twelve years alone. These figures highlight that your home could be an obvious asset to tap [...]

2018-04-23T09:49:48+00:00 April 16th, 2018|News|

Equity Release. The top 3 questions that are asked.

By John Cossons, Equity Release Adviser. When I first talk to clients about equity release they generally have three main concerns. 1.I don’t want to lose ownership of my house. Taking out a Lifetime Mortgage does not affect the ownership of your home. The property remains yours and the mortgage, plus any accrued interest, only [...]

2018-04-17T10:48:34+00:00 April 12th, 2018|News|

Interest only mortgage. Is downsizing the only option?

The housing charity Shelter released a report that showed property prices had increased by more than 43 times what they were in 1971. They highlighted that this increase was far in excess of year on year inflation. After building up such a high level of equity in their property over the years, homeowners with a interest [...]

2018-02-21T15:50:11+00:00 February 22nd, 2018|News|

Retirement. Planning to call in the builders?

A recent survey undertaken by Saga Home Insurance found that many United Kingdom residents, that had recently retired, were planning major home improvements. It’s natural that you would want to make improvements now that you will be spending more time in your home during your retirement. How long are you planning to stay put in retirement? [...]

2018-02-21T15:50:31+00:00 November 9th, 2017|News|