HOW CAN EQUITY RELEASE SCHEMES HELP LONDON’S FIRST TIME BUYERS?

How Can Equity Release Schemes Help London’s First Time Buyers?

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

Why London Gentrification Sees Equity Release Plans Prosper

Savills recently released census data regarding the gentrification of London. Their results show that wealthier individuals are returning to London and buying up property. This is creating some interesting situations. One property is becoming lower in supply as demand is up. This in turn is creating a lovely increase in housing values throughout Greater London. As a result of better housing values, over 55s are tapping into equity release plans to take advantage of the rise of the equity stakes in their homes. …read more

Why Spending Habits Cause the Older Generation to Lean towards Equity Release

A new report generated by the Personal Finance Research Centre and International Longevity Centre discusses living and food costs. The study resulted in six groups with specific patterns and expenditures that can be used to describe the over 50s. Some of these groups, generally in the Baby Boomer range, tend to have more expenditures than conservative consumers with a head of the household in the 80s or older. With this penchant for spending more at a younger age, even with a career that supported it well, equity release is becoming more of a way to protect retirement lifestyles. Explore equity release calculators to see if your Baby Boomer status could use a boost! …read more

Poor Savings Rates but Far Better Equity Release Deals

Have you been shopping around for a half-reasonable savings plan lately and found that ‘The Royal Bank of Under the Mattress’ seems to be offering the highest dividends at the moment? What is going on in the financial world currently?

The banks and building societies could definitely afford to offer much better rates on savings at the moment, than the pitiful interest rates that seems to be around at the moment. Especially when you see what they’re charging to actually lend money and when equity release UK companies are falling over themselves at the moment to offer their customers the best equity release deals in the market. …read more