Category: Equity Release

Pensioners should use the equity in their property to pay for their care bills, according to the Prime Minister’s director of policy*.

Thanks to the pension reforms of April 2015, there is much more freedom and choice for prospective retirees today. Understanding the plethora of new options, however, and ensuring you make the right choice for your individual needs, can be enormously daunting.

Almost half of homeowners aged 45+ expect their property wealth to play a key role in their retirement income planning, according to recent figures. The latest Real Retirement Report by Aviva has revealed that thousands of homeowners are relying on their property to assist them in retirement – despite a quarter of respondents stating they […]

A big name lender has reduced its interest rates on drawdown lifetime mortgages for over-60s, now charging as little as 3.71% AER interest rate. This lowest rate equity release product – which is available through Bower – applies to later life homeowners looking to release £250,000 or more.

More large lenders are predicted to recommend lifetime mortgages following a high street bank’s recent vote of confidence in the industry. Industry specialists are warning however, that consumers are best served by seeking equity release advice that covers the whole of the market, rather than being restricted on choice.