EQUITY RELEASE BLOG

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

It's good to see equity release in the news and getting reviews for all the right reasons

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

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

Since we joined VouchedFor in 2021, we have consistently gained a high average of ratings and are recognised as a top rated firm.

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

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.

A study has found that more lifetime mortgage borrowers are using their loans to pay for home improvements.

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.

As more people are impacted, they are looking for alternative income sources, such as equity release.

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

There is a difference between industry articles about lifetime mortgages, and those articles written for the public.

Many years ago, it was quite common to take out an interest only mortgage.

Equity release is becoming more commonly used to fund holidays.