Mark Rumney

Contact Mark Rumney:

Email: markrumney@equityreleasesupermarket.com

Tel: 07957 974826  

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Mark Rumney's articles


  • Would You Support Your Parents to Take Equity Release?

    By Mark Rumney on

    Having advised on equity release schemes for over 17 years, I’m fully aware withdrawing capital from your home is a very important decision. It is probably the biggest financial decision you may take during later life. It is, of course, usually the largest asset by far that any of us will ever own, and will have been paid for through hard work during our working lives. It’s therefore fully understandable that clients who are considering a lifetime mortgage often ask these similar questions: • Are many people doing these schemes? …

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  • Why the Nationwide Equity Release Tie Actually Boosts Uptake of Independent Advice

    By Mark Rumney on

    The announcement by Nationwide Building Society to enter the lifetime mortgage market is a great boost to the world of equity release. They are, after all, the biggest building society in the UK, and their decision to start offering products to their customers, via a third-party advice arm, is another example of equity release becoming a mainstream financial services product. Nationwide’s Equity Release Proposal The move by Nationwide follows similar decisions by other high street lenders like Santander and Co-op, who are also both using a 3rd party firms to advise their customers. The equity release industry is thrilled…

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  • What Are the Long Term Costs of Equity Release Schemes?

    By Mark Rumney on

    One of the most enjoyable aspects of being an equity release adviser is that every customer is different, and have their own unique set of personal circumstances. One of the main areas concerning my equity release clients is how much equity release will cost them over the longer term. We can calculate the maximum amount of borrowings initially using an equity release calculator, however calculating the actual balance to be repaid upon death or long term care is a different calculation. My clients vary significantly, from those who have no interest at all in what will…

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  • What Borrowing Options Exist with Old Prudential Equity Release Plans?

    By Mark Rumney on

    The first quarter of 2016 has seen a huge amount of equity release lending. Equity Release Council statistics show that £393 million pounds of equity was released from UK homes. The vast majority of these funds have been released to customers using equity release schemes for the first time. However, some of this money has been released by existing customers of companies who no longer offer equity release; one of whom is the Prudential. Here we look at what options are available to existing

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  • Common and Unusual Equity Release Uses

    By Mark Rumney on

    Having been advising on equity release for 15 years, I’ve met hundreds of people who’ve released money from their home to spend how they so wish. Most tend to spend their funds on similar things: such as Paying off mortgage / debts Helping family Home improvements Holidays • Paying off mortgage / debts • Helping family • Home improvements • Holidays These reasons are consistent across the industry. However, although the reasons are common, many of the specific reasons vary. Let’s look at some of the specific, and sometimes unusual ways that my clients have spent the released equity:  

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