Where to Find a Specialist Equity Release Solicitor In London
June 9th, 2014
As part of the equity release process, the Equity Release Council (formerly SHIP) laid down a number of principles that both lenders and solicitors must follow. By bringing consumer protection to the fore has helped stabilise and add a layer of confidence to the whole realm of how equity release schemes are perceived. …read more
Will the London Property Market be Hit by the Mortgage Market Review (MMR)?
May 19th, 2014
The Financial Conduct Authority (FCA) has now implemented the Mortgage Market Review (MMR). In fact, the Financial Services Authority began the process in 2009 after the subprime mortgage debacle. The idea of the review is to reform the mortgage market to ensure avoidance of a worldwide disaster like that of 2007. For many first time homebuyers it is making it more difficult for them to secure the down payment and get onto the property ladder whether it is in London or not. The good news is that many retirees, over 55s, are in London and they have significant equity in their homes. This equity can be released to help their children with the down payment they require. There are different equity releases such as interest only lifetime mortgages, impaired equity release schemes and drawdown lifetime mortgages. …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
How Your London Pad Could Create a Foothold on the Alternative Property Ladder
May 19th, 2014
You have already established yourself on the property ladder as you have a London Pad to enjoy. Unlike many first time buyers who wish to purchase homes in London, but cannot afford the down payment, you have done your time, purchased property, and now you are retired. Now you have time on your hands and plenty of opportunities to make the most of it. In fact, you could decide to join in the rush to the alternative property ladder. Equity release enables you to have a second property investment. Your London location makes it doubly perfect since your home value is significant compared to other counties and parts of the UK. Complete your London equity release calculation now to see if the figures are appealing to you and how much you can potential raise. …read more
Things to Consider When Choosing the Best Equity Release Deals
March 25th, 2014
When it comes to choosing the best equity release deals always shop around on the various equity release websites on the internet. Another source of information and practical help would be from an independent equity release adviser who can research the whole of the market for you to find the best equity release deal for you. …read more