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 [...]

2019-02-20T10:09:40+00:00 March 7th, 2019|Uncategorised|

Paying off your mortgage when you have retired.

Recent figures released from the Financial Conduct Authority (FCA), show that 40% of borrowers who took out a mortgage in 2017 will be over the age of 65 by the time the loan is repaid. Why is this happening? With property prices increasing, first-time buyers are often having to wait until their thirties before they [...]

2019-02-27T12:31:06+00:00 February 27th, 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+00:00 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+00:00 February 14th, 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|

What Does a Financial Designer Do?

By Rachel Efetha, Chartered Financial Planner.  At our recent company meeting, Managing Director, Caroline Anstee, asked us all, what we do.  Some of the responses were: We make peoples goals and aspirations come true Give peace of mind and financial security Act as a counsellor Change peoples lives Sort out problems Educate The outdated stereotype [...]

2018-08-09T11:51:57+00:00 August 28th, 2018|News|

Pensions: Don’t underestimate their value in divorce.

Relationship breakdowns can be emotionally tough and financially expensive, so try and avoid these mistakes. Have any pensions professionally valued. The valuation of a pension is never straightforward. Some pensions include guaranteed levels of income and built-in inflation protection. The value of these features can be misunderstood. It is essential that when getting a divorce [...]

2018-08-20T09:44:25+00:00 August 20th, 2018|News|

Congratulations to Sam.

Congratulations to Sam Williams on passing another of his professional exams. The Chartered Insurance Institute (CII) Pension exam (RO4).  Sam has one more exam to pass before completing “The Diploma in Regulated Financial Planning. Caroline Anstee, Managing Director of Anstee & Co said- "This is a great achievement. Sam has worked hard in completing and [...]

2018-08-03T14:57:26+00:00 August 3rd, 2018|News|

Pensions – It’s never too late to save for your retirement.

By Rachel Efetha, Chartered Financial Planner. Whilst the 40 somethings parents and grandparents enjoyed a job for life and a pension from their employer based on the number of years service and their final salary, along with a state pension at 60 for women and 65 for men, most non public sector employees do not [...]

2018-07-06T11:12:52+00:00 July 23rd, 2018|News|

A mortgage that you never need to repay.

Over the last few months, a number of mortgage lenders have announced interest-only mortgages designed for retired people. These interest-only mortgages will run until the death of the mortgage holder. Why is this happening? Traditional interest-only mortgages were popular in the Nineties and 2000s. Interest was coved monthly and additional funds were paid into a [...]

2018-05-31T20:51:35+00:00 June 1st, 2018|News|