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 bringing out more innovated products that can offer more flexibility than before. These new products still [...]
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 [...]
By John Cossons, Equity Release Adviser with Anstee & Co. This article is based on a real equity release case. 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. However, she did [...]
As a homeowner, you will be aware of the increasing value of your home. Like many other people, you may find that your property is now worth much more than the amount you originally paid. How can you release this equity? Equity release allows you to unlock money from your home. This could be in [...]
Releasing money from your home has become more popular with retired people wanting to live life to the full while they are still fit and well. New figures from the Equity Release Council show that over £11 million a day is being unlocked from peoples home. More than £1 billion has been lent in the [...]
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 bringing out more initiative products that can offer more flexibility than before. These new products still offer [...]
Over the last few years, mortgage lenders have become more amenable to older borrows who are moving into retirement. We have seen mortgage rates improve and there's now greater flexibility in the products available. Traditional mortgage lenders are now will to extend the borrowing term of the mortgage beyond state pension age. The requirement that [...]
For many of us, our home is our most valuable asset. If you are over the age of 55 then it can be a way to access the equity tied up in it and have more cash to spend on everyday living and enjoyment. There are currently two equity release options: Lifetime Mortgage. This is [...]
Figures from the Equity Release Council show that homeowners took out £824 million of property wealth between July to September 2017. This is over a forty per cent increase from the same time last year. Equity release is also referred to as lifetime mortgages. There are now over 121-lifetime mortgages on the market offering more [...]
Figures from the Equity Release Council (ERC) show the total value of equity release lending continues to grow. From 2015 to 2016 there has been a 77% rise in the amount borrowed. The most recent figures show that the average amount borrowed has now increased to £70,000. Although equity release can be right for some, [...]
