By John Cossons, Equity Release Adviser. As an Equity Release Adviser, when I first talk to clients about equity release they generally have three main concerns. I don't want to lose ownership of my house. Taking out a Lifetime Mortgage does not affect the ownership of your home. The property remains yours and the mortgage, plus [...]
Recent figures from the Equity Release Council show that a total of £3.92 billion of housing equity was withdrawn by older homeowners in 2019.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 [...]
The housing charity Shelter released a report that showed property prices had increased by more than 43 times from what they were in 1971. They highlighted that this increase was far in excess of year on year inflation. After building up such a high level of equity in their property over the years, homeowners with an [...]
