Housing equity withdrawal could be the answer?

Recent figures from the Equity Release Council show that a total of £3.92 billion of housing equity was withdrawn by older homeowners in 2019. What is the most popular plan? The most popular product amongst older homeowners continues to be a drawdown mortgage.  64% of new customers opted for a drawdown product against taking a lump [...]

2020-02-10T10:31:25+00:00March 30th, 2020|Latest news|

Equity Release Council claims demand is strong

Recent figures produced by the Equity Release Council shows that consumers are taking advantage of record-low rates. First of all, consumer demand continued to grow as older homeowners recognised the crucial role that property wealth can play in supporting their retirement alongside pensions, savings and other assets. 2019 saw the total number of customers served reach [...]

2020-02-10T11:09:54+00:00March 16th, 2020|Latest news|

Lifetime Mortgage. Should you re-mortgage?

By John Cossons, Equity Release Adviser I have recently completed an Equity Release re-mortgage for a client who took out a plan 12 years ago. This was at a time when Lifetime Mortgage interest rates were much higher. By re-mortgaging the outstanding balance, which included the initial loan, the rolled-up interest, along with the early repayment [...]

2020-02-03T13:30:01+00:00March 2nd, 2020|Latest news|

Equity Release: Should you upsize in retirement?

By John Cossons, Equity Release Adviser. 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. However, she did not have [...]

2020-02-03T09:52:27+00:00February 17th, 2020|Latest news|

Lifetime Mortgages. Are they the last resort?

Some will have look at equity release in the early days when the industry was not strictly regulated and policed.  They may have looked at it when interest rates were at a very high level. Some feel that equity release sometimes referred to as Lifetime Mortgages are inflexible, costly and takes advantage of people when they [...]

2020-02-10T11:21:50+00:00February 16th, 2020|Latest news|
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