EQUITY RELEASE BLOG

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

There is currently a retirement age gap as people aged 50 and over miscalculate their life expectancy.

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.

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

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

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?

Equity release is becoming more commonly used to fund holidays.

It has been reporrted that cash-strapped older homeowners of State Pension age are missing out on thousands of pounds of extra income

20% of those considering equity release say that Covid-19’s impact on their broader family’s finances has meant they are likely to take it.

Enquiries about using equity release for gifting purposes have risen during lockdown, as older homeowners look to help younger generations.

As we continue to offer nationwide equity release and lifetime mortgage advice during Coronavirus lockdown.

If you are looking for an equity release advisor who will go the extra mile for you and not give up, please contact us.

During this difficult period of lockdown, we have found it really helpful to share stories of how we have assisted our clients.

Over 55s wanting to stay in their home rather than downsizing leads to a majority (80%) opting for equity release instead of moving home.

Older people are withdrawing £10m a day from their homes – adding up to £3.4bn last year – and it’s not just for new kitchens and dream holi

This Thursday one of our director's Paul Saroya will be one of the speakers at The Mortgage Solutions Later Life Lending event on 21st Novem