• 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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  • Interest Rate War Stokes Up the Equity Release Market

    By Mark Gregory on

    Equity Release Supermarket are currently experiencing the largest number of equity release interest rate reductions that have ever been witnessed in the industry. With lifetime mortgage rates now starting below 3% for the first time ever, and fixed rates below 4%, we look at the effect this can have on homeowners over the age of 55, who are maybe considering ‘is now the best time to apply for a lifetime mortgage?’.  

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  • Why the OneFamily 2.96% Variable Interest Rate is a Game-Changer for the Future of Equity Release

    By Mark Gregory on

    Launching a unique range of variable & fixed rate equity release schemes, the OneFamily ‘Lite’ & ‘Standard’ plans may herald the start of the greatest innovation the equity release market has seen. Where many have dared, OneFamily boldly go where no equity release has gone before: The Final Frontier – Variable Interest Rates! The significance of a variable equity release interest rate should in no way be underestimated, as it marks the end of a long journey that has seen a lack of innovation in lifetime mortgage product design. Understandably, there are economic & regulatory factors that may have influenced…

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