Tag: equity release

Why lifetime mortgages can make sense for over 55’s

What is equity release?

Are you over 60 years of age or do you have elderly parents that could benefit from releasing capital from their home? Equity release might improve your - or their - retirement lifestyle. Are you…

• Annual lending total is the highest since records began in 1992 • More than 21,000 new customers in 2014 – the most recorded since 2008 The total value of equity release lending reached almost £1.4bn (£1.38bn)…

In July 2009 the UK economy was in a very different state than it is today. We were still trying to come to terms with the shock of the base rate dropping to 0.50% and…

Recent articles in the national press have highlighted the number of home owners releasing cash from their properties via Equity Release schemes. Such withdrawals exceeded £1bn in 2013 for the first time since before the…

The mortgage market is on the move again. Gross mortgage lending increased to £17.6bn in October 2013, an increase of 37% from £12.9bn in October 2012. This figure is the highest since October 2008, when…

You may have seen articles in the national press about how people in retirement who are ‘asset rich’ but ‘cash poor’ - i.e. they own a valuable property but have a relatively low income -…