• Are there any catches to a Free Equity Release Calculator?

    By Mark Gregory on

    Anytime something is free it does not come without some catches. For example if you want to get a free quote for an equity release product, you might have to give up some of your information first. How much information you have to supply the free equity release calculator is dependent on where you find the tool and whether the company is data mining. There are, unfortunately, several online websites that will try to get your information to pass on to brokers. If the site is going to collect your data if should always be clear this is going to…

    Read More
  • Is the Lifetime Mortgage Calculator the Most Popular Analysis Tool?

    By Mark Gregory on

    You want to know how much equity you can release. It is the very reason you have started looking into products like equity release schemes for retirees. You are in need of money and you already have a budget you need to meet. Yet, you are unsure if it is feasible to afford the amount you have in mind. This is where a lifetime mortgage calculator will come in. The calculator can help you decide if you can raise the amount of money you require and whether equity release is the proper way to do so.  

    Read More
  • Where Can I get an Interest Only Mortgage in Retirement?

    By Mark Gregory on

    Options are limited, but there are mortgage lenders that will still lend on an interest only basis in retirement. The problem is that most conventional lenders will only lend for a fixed term of years. This leaves the issue of what to do after this term expires, as there are such limited options, post retirement. Consider exploring your sources for finding such products such as Stonehaven Interest Select range, more2life’s interest choice or Hodge Lifetime’s Flexible repayment plan. These plans are typically known as interest only lifetime mortgage schemes.   Finding Proper Help for Decision Making Many conventional…

    Read More
  • Why Going Directly to Aviva Equity Release Costs More than Using an Independent Equity Release Broker

    By Mark Gregory on

    When shopping for equity release schemes online you might think it would be better value to go direct to the lender. It only seems logical that cutting out the middleman must cut out the costs that will come to you in the long run? We see adverts on television all the time from companies telling us they are cutting out the middleman and passing the savings on to you, the customer. But is this actually the case? Going direct is not always the way to go when it comes to seeking advice about any service, especially equity release. And since…

    Read More
  • What Kind of Equity Release is the Stonehaven Interest Select Plan?

    By Mark Gregory on

    Equity release is an option for people who would like to benefit from some of the equity they own within their own home without actually having to sell their home to do so. It can be a good option as it can provide either a lump sum or an ongoing monthly income to people throughout their retirement which can be a stressful time as retirees adapt to a reduced monthly income. One such product is the Stonehaven Interest Select Plan mortgage. However, equity release does have some negative aspects. The interest owed on the principal amount is rolled up into…

    Read More
  • Practical Help For People Providing Care For the Elderly

    By Mark Gregory on

    Perhaps one of the most important aspects of the long term care system in the UK is the breadth and quality of informal and formal carers for those individuals who find out that they do, or will, in fact need some kind of care or assistance during their later years. In 2011, the Dilnot Report was released and focused on the reform in social care funding in England. The report was the culmination of the work done by an independent committee given the task of reviewing the social care funding system in England….

    Read More
  • Joint Life Annuities Explained

    By Mark Gregory on

    Annuities have become increasingly popular for those consumers who are looking to create a sense of security and stability during their retirement years. There are several different types of annuities, all of which come with a variety of different add-ons, manipulations, and variations. Choosing the right annuity can be a time and labor extensive process. However, through research, consumers are able to find just the right annuity to suit the future goals they have set for themselves and their families. There are even options for married couples as opposed to single consumers. For married couples, a joint life annuity can…

    Read More
  • Secure Your Family’s Future with a Guaranteed Annuity

    By Mark Gregory on

    Consumers can be faced with several difficult and challenging decisions as they approach their retirement years. For some of these consumers, the decisions to be made do not only affect them individually but also have an impact on their family, or beneficiaries. For some, investing in a guaranteed income can be the best choice to ensure that once they have passed away, their loved ones will still be able to maintain their lifestyle. A guaranteed annuity operates in much the same way as a regular conventional annuity. That is to say, with a guaranteed annuity, an insurer agrees to pay…

    Read More
  • Controlling the Costs of Long Term Care

    By Mark Gregory on

    Paying for long term care can be a very daunting prospect for many individuals and their families, especially since most average consumers do not have a clear understanding of how high these expenses can really get. Most individuals typically spend their lifetime saving money and building a nest egg to ensure that they are able to purchase everything they need once they reach their later years and are no longer working. Most consumers hope to pass on their savings and their assets down to their children and grandchildren. However, once it’s determined that long term care is needed, all…

    Read More
  • Getting the Lowest Equity Release Rate with Aviva Doesn’t Mean Going Direct

    By Mark Gregory on

    Did you know that if you arranged your equity release direct through Aviva Direct, rather than using an independent equity release brokerage such as Equity Release Supermarket, you could actually end up getting a higher interest rate on your deal? Even if you got exactly the same deal? There can sometimes be as much as a 0.5% difference. And while such a small number could seem trivial at first, over the years that is going to amount to a significant cost to you. Why is there this difference in interest rates? Surely each equity release scheme should be the same…

    Read More