Our proudest achievement is our family, said 53% of over 55–year–olds

Our proudest achievement is our family, said 53% of over 55–year–olds

Our proudest achievement is our family, said 53% of over 55–year–olds Months in lockdown has made many of us readdress what’s important to us. A recent study of UK adults aged 55 and over has found that our family is our proudest achievement in life, with more than half of the people surveyed referencing their

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Average rates for equity release hit all time low

Average rates for equity release hit all time low

The average rates for equity release products fell to a record low of 4.48%, with 40% of plans offering rates below 4% – an all-time low for the equity release industry, the Equity Release Council’s (ERC’s) Spring 2020 report has revealed.   Older homeowners unlocked nearly £4bn of property wealth in 2019 whilst product options

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No-nonsense Guide

No-nonsense Guide

Equity Release no-nonsense guide No annoying jargon, just clear and helpful information What is Equity Release? Equity Release is a way of freeing up some of the cash (equity) tied up in your home to enjoy a retirement to remember. The tax-free money you release is yours to spend as you wish, whether that’s for

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Equity Release Myth Busting

Equity Release Myth Busting

Myths about equity release are often widespread from previous examples before it was a regulated market in 2004. We want to challenge peoples past perceptions so you feel confident with equity release products. Myth – “It’s unregulated” Reality: Actually, you’ll find that since 2004, the equity release market is fully regulated. All equity release providers

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Banks to defer mortgage payments and increase credit limits for those struggling due to coronavirus

Banks to defer mortgage payments and increase credit limits for those struggling due to coronavirus

  Several major banks have announced support measures for customers affected by coronavirus, including mortgage payment holidays, increased credit limits and penalty-free access to fixed savings.  Barclays, Lloyds and NatWest are among some of the major banks that have confirmed that support will be available to customers affected by Covid-19. Temporary credit limit increases, payment holidays

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More than a third of over 55s are living beyond their means

More than a third of over 55s are living beyond their means

• 68% dip into cash savings to plug their income shortfall, 17% use their bank overdraft and 16% borrow on a credit card • A further 25% anticipate that the increase cost of living will push them into the red this year New research from equity release lender, more2life, reveals that more than a third

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Using your Property Equity to Fund Home Improvements

Using your Property Equity to Fund Home Improvements

Many people who released equity from their homes in 2019 with Giraffe Equity Release used the funds to pay for home improvements. These homeowners chose to release some of their property equity to access a lump sum of tax-free cash. But funding your home improvements through equity release isn’t right for everyone. No monthly repayments

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Almost £4bn worth of equity released in 2019

Almost £4bn worth of equity released in 2019

  Older homeowners withdrew £3.92bn of housing equity in 2019 down slightly from £3.94bn in 2018, the latest figures from the Equity Release Council have shown.    Despite the small dip the market has grown almost four-fold in the last decade, with the annual value unlocked rising from £945.97m in 2009. A total of 85,497

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The Interest Only Timebomb!

The Interest Only Timebomb!

Don’t let an interest-only timebomb hit your home: Thousands of borrowers are at risk from mortgages that aren’t being paid off   Around 85,000 interest-only loans are due to finish this year  Banks have been ordered to treat interest-only customers fairly If you are worried about how you will repay your debt, call your lender 

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