• Is equity release a safe option in 2018?

    By Carrie Ann on

    What is equity release? Equity release is essentially the use of the built-up equity in your property which helps to fund your retirement, home renovations, or anything that you wish to spend your money on. There are a number of equity release products available that guarantee a lump sum of cash, future regular withdrawals, or a combination of both. The two principal forms of equity release products available are the lifetime mortgage and the home reversion plan. The lifetime mortgage, as the name suggests, is long-term loan using your home as collateral. Interest is charged on what you have borrowed, you choose…

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  • Find that ray of sunshine with equity release

    By Carrie Ann on

    Since the financial crisis of 2008, a rising number of independent financial advisers confirm that they are receiving more enquiries about lifetime mortgages and the benefits of equity release in helping improve retirees standard of living. As the rewards from private pensions fall, low interest rates affect savings returns and people are requiring their retirement income to stretch further into retirement, homeowners aged over 55 are looking at what equity release benefits they could achieve. There are many personal reasons for this, and the capital generated is used in different ways. Some people look to make improvements to their own homes,…

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  • Equity release hits record high

    By Carrie Ann on

    More and more UK householders are using equity release as a means of raising much-needed funds, according to the latest figures from the Equity Release Council in 2017. From July to September this year alone, a total of £824m was released via equity release – the most ever recorded in a single yearly quarter. Since the beginning of the 2017, the figure is an astonishing £2bn of equity released by homeowners over the age of 55. Financial experts say the use of the equity release schemes has reached an all-time high, for various reasons which can be explained as follows. One of…

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  • Equity release in London rises

    By Carrie Ann on

    Homes in London are known for being extremely expensive, but this year house prices have shown signs of slowing down. This doesn’t mean that the houses are now affordable, but it is likely they will be more affordable in the future – and that isn’t all. Senior homeowners in London have started to unlock large amounts of money that have been tied up in their homes using equity release schemes. An equity release scheme gives homeowners the chance to access the money that is locked up in their property without having to actually sell their home. This means that homeowners…

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  • Ban on expat home ownership

    By Carrie Ann on

    Expats living in Bahrain are going to be banned from owning homes in areas that are not seen as tourism or investment zones. MPs have banned expat home ownership in certain areas, because it was felt that Bahraini citizens were finding it increasingly difficult to purchase property, due to the high demand pushing up prices. Expat home ownership is causing problems by pushing up prices because of foreigners’ higher spending power, according to MP Shaikh Majid Al Majid. At the moment, foreigners can invest in property and land anywhere in Bahrain, although restrictions were imposed to limit this right…

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  • 10 Equity Release Points to Consider

    By Carrie Ann on

    More and more homeowners who are retired, or approaching retirement, are looking to discover the facts about equity release. There are many important issues to be considered before choosing an equity release mortgage, or lifetime mortgage. Using our wealth of experience in dealing with homeowners age 55+, here we discuss the 10 key considerations for consumers in considering whether equity release is the right option for them, or not. Tax-free Payment Once your plan has completed, you will receive a cash advance, which will be tax-free upon receipt as this payment is classed as a withdrawal of capital, not income. Depending…

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