EQUITY RELEASE BLOG

More homeowners are considering turning to lifetime mortgages to help fund their retirement.

Many parents and grandparents who have helped fund a first-time buyer’s property purchase did so by using their own property wealth.

Women aged 55 and over who own their own home have a greater uncertainty of their mortgage options later in life than men.

As active members of the Equity Release Council we are pleased to share this latest news from them that we are fully involved with.

One in five homeowners aged 55 or over do not expect to retire mortgage-free according to data from the Equity Release Council.

Lifetime mortgage borrowers primarily released funds for aspirational (i.e. non-essential) purposes

We will be attending the UK Finance Annual Mortgage Conference next week, 16-17th May.

Equity release customers made 190,374 penalty-free repayments in 2022, up 48% from 2021, saving them £116m in future by reducing compound in

In the UK, parents are fuelling a £6.2 billion boom in equity release loans to help younger people get on the property ladder.

One of our founding Directors, Paul Saroya has been appointed to a new Equity Release Standards Committee.

It is well known that one of the biggest benefits of a Lifetime Mortgage is that you do not have to make any payments to the loan you take.

An increasing number of older people are considering dipping into the value stored in their homes to help with the cost of living crisis.

Releasing equity from your home would reduce the value of your property and either reduce the Inheritance tax bill upon death.

We were delighted to be one of the winners at the Later Life Lending Awards 2022 for Best Large Advisory Firm.

Here we put some context and perspective around what equity release actually looks like in Autumn 2022.

Total property wealth now stands at £2.95tr with older homeowners in all parts of Great Britain benefiting.

Equity release gifting could help younger generations pay off their mortgages up to 12 and a half years sooner.

How much longer can Residential Properties be classed as just standalone assets, rather than an Investment for Later Life Retirement Plan?

Equity release is becoming more commonly used to fund holidays.

We are delighted to see that there has been a new standard added by Equity Release Council and are incredibly happy.