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 might solve your retirement plans?

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 life time mortgages on the market [...]

2018-02-21T15:50:27+00:00 November 27th, 2017|News|

Money Marketing Profile: How Anstee & Co’s boss is fighting for financial education.

Anstee & Co managing director Caroline Anstee on how financial education can solve the industry’s problems By Amanda Newman Smith 29th September 2017 12:29 pm from Money Marketing. Anstee & Co managing director Caroline Anstee Entering one crossword answer can often help you with those that are linked to it. You may not be able [...]

2018-02-21T15:50:44+00:00 October 2nd, 2017|News|

Buy-to-let mortgage clampdown is coming.

Landlords with a buy-to-let mortgage will be facing further new regulations being introduced on the 1st October 2017. These new rules have been introduced by The Bank of England. They apply to landlords who have a property portfolio of four or more properties. Every time such landlords refinance one property, or buy another, mortgage lenders will have [...]

2018-02-21T15:50:48+00:00 September 14th, 2017|News|

Retirement Mortgages. They could be coming soon.

The Financial Conduct Authority (FCA) who regulates the mortgage market in the United Kingdom have launched proposals to create a market for interest only mortgages for the retired. They have approached the mortgage industry to look at solutions for interest only mortgages that last until you die.   What are the FCA’s thoughts? Retirement interest [...]

2018-02-21T15:50:49+00:00 September 12th, 2017|News|

Equity release. Could you unlock the money in your home?

It is a fact that most of the personal financial wealth in the United Kingdom is tied up in their property. Many retired people are “cash poor but property rich”. Equity release can be used in later life to supplement pension income or used to finance major items of expenditure. Such as home improvements or [...]

2019-05-17T14:55:38+00:00 August 7th, 2017|News|

Help to Buy mortgages are still available.

Launched in 2013 the Help to Buy mortgage scheme was meant to “help anyone who works hard and aspires to own their own home has that opportunity” So said the then economic secretary to the Treasury, Stephen Barclay. How does Help to Buy work. With the Help to Buy equity loan the government will lend you up [...]

2018-02-21T15:51:00+00:00 July 31st, 2017|News|

Equity release. What is it and is it right for me?

Recent industry figure have shown that £1.25 billion has been borrowed in the first half of this year through equity release schemes. This amount is 34% higher than the same time last year. Equity release is for the over fifty five’s. The figures reveal that the average pensioner released over £70,500, using the money for [...]

2018-02-21T15:51:02+00:00 July 27th, 2017|News|

Financial Education. Our views requested by the Government.

Caroline was invited to an interesting event held at the Westminster Business Forum yesterday. The event was Chaired by Lord Northbrook and looked at ‘The future for financial advice and guidance – regulation and the role of technology’. These forums help to form government policy and allows the industry to give its views. The forum [...]

2018-02-21T15:51:09+00:00 July 19th, 2017|News|

Interest-only mortgages homeowners forced to sell.

Homeowners who have relied on interest-only mortgages are increasingly being forced to sell up before their repayment term is reached. The number of people having to sell their home and downsize is increasing. Estate agents are reporting that forty-three per cent of customers are forced to sell their home to pay off interest-only mortgages. Mortgage debt issues [...]

2019-05-17T12:05:34+00:00 July 17th, 2017|News|