Equity Release: Eating or heating this winter?

2021-10-05T09:18:28+00:00October 5th, 2021|Lifetime (equity release), Mortgage|

We’ve heard the phrase “heating or eating” a lot over the years as we look at those who may have to contemplate the choice when finances are hard and typically, we consider the elderly population when we do so. More and more we see decreased financial stability and increased health issues (especially amidst [...]

Could equity release be the key to raising deposits for first time buyers?

2021-06-02T15:09:04+00:00June 2nd, 2021|First time buyer, Lifetime (equity release), Mortgage|

The second half of 2020 saw a 19% increase in the number of Equity Release products sold over the first half of the year, according to the Equity Release Council*. These figures show the robust nature of equity release, and demonstrate that more and more people are looking to money locked up in [...]

Do you want to help your relatives get on the property ladder?

2021-03-30T13:26:16+00:00March 30th, 2021|First time buyer, Lifetime (equity release), Mortgage|

In 2020, older homeowners released almost £755 million of equity in order to help younger members of their family meet a range of costs including supporting them with an average of £42,500 to use for a house deposit.* This new research helps illustrate the extent to which younger buyers are being supported by [...]

How much should I set aside for retirement?

2019-12-09T10:25:19+00:00November 9th, 2019|Lifetime (equity release), Mortgage|

State pensions are due to get a slight rise next April. Under ‘triple lock’ rules, the pension rate is guaranteed to rise by 2.5% each year anyway. However, should there be an increase in average earnings, the highest rate of inflation is taken into consideration and that rate applied. In July this year, a [...]