How Can Equity Release Schemes Help London’s First Time Buyers?
May 19th, 2014
London’s housing sector is improving greatly. In the third quarter of 2013 a 25% increase was seen in housing growth. It was up a total of 42 per cent from the previous year. The last quarter showed even more of an upward trend in London and the UK. First time home buyers are not yet capable of buying a property without a mortgage. The average first time buyer had to spend 20% of their income on mortgage payments. It is an investment and the property market has supported purchases by these new owners. The downside is the down payment or deposit that’s required. This is where retirees, equity release, and tools such as equity release calculators come in handy. …read more
Bespoke London Equity Release Schemes for the UK’s Capital
May 19th, 2014
London Equity Release is a London based equity release firm providing help to Londoners over 55 secure tax free cash to help their kids, with Inheritance Tax, purchasing a second home, making home improvements, and for many other reasons. LondonEquityRelease.com provides bespoke London equity release schemes from impaired equity release, drawdown, interest only, and roll-up lifetime mortgages. The website www.londonequityrelease.com offers information encompassing all areas of equity release schemes and offers numerous reasons citizens of London might wish to improve their living standards through these schemes. Several tools like the special London equity release calculator can also be used through the website to garner more information about the products in discussion. …read more
Why Are Sales of Hackney Equity Release Schemes Booming?
May 19th, 2014
Hackney is just one borough of Greater London that has seen a drastic change in property market values in recent years. A lot of this has to do with the Olympic effect. The Olympics brought back hope that London was in recovery or would soon recover, thus helping the rest of the UK to end the recession. Combined with the Cross Rail project nearing completion in 2018, urban life is sparkling right now. There is no longer a need to be in rural areas for affordability, when better transportation and more return on property investment can be found. Hackney has seen an increase of 44 per cent and is considered one of the fastest growing areas of Greater London right now. For over 55s living in Greater London experiencing housing price increases, equity release schemes are becoming imperative topics. …read more
Can Equity Release be used to Fund a Second Home for Londoners?
May 19th, 2014
Living in London is often about fast paces, great places to eat, and plenty of entertainment. For everyday life it can be tantamount to an amazing amount of fun, yet there are times you want to slow down, enjoy your retirement, and see the country. There are products on the market that could help you fund a second home like a country retreat. A bespoke London equity release scheme, even an enhanced lifetime mortgage can be used to tap into equity in your London home to enable the funding of the purchase of a second home. …read more
Why Equity Release Schemes are becoming the Saviour for Londoners with Interest Only Mortgages
May 16th, 2014
On the cusp of retirement and yet your mortgage is not repaid in full? Numerous Londoners face this situation and with the Mortgage Market Review (MMR) restricting lenders it is becoming difficult to see what the future can provide in the way of comfort. For those who had an endowment on an interest only mortgage, most are finding it has fallen short to cover the entire amount owed. Others chose a different mortgage with no repayment vehicle. Trying to locate a solution for your retirement years is getting difficult for those over 60. Unless you consider the pros and cons of equity release, which is one solution to the problem of mortgages into retirement. …read more
What Equity Release Schemes Mean for Pensioners
March 20th, 2014
Due to the constant rise in living costs, the retirement funds of some pensioners are no longer sufficient for them to meet their daily living costs and still be able to enjoy their retirement. In such cases, many pensioners are looking for another way to gain extra income that will make it possible for them to adequately meet all of their daily living costs and have sufficient funds to enjoy their retirement. Equity release schemes are one way to make this happen. …read more