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
With London Property Values Soaring is Now the Best Time to Take Equity Release?
May 19th, 2014
A lot has happened in the last eight years. Housing prices declined rapidly, mortgage products left the market swiftly, and interest rates bottomed out. Now with two recessions behind the UK, housing is starting to come back. Unfortunately it is not an even process. Economic recovery occurs fastest where the money is, which translates into London seeing the best housing prices since the decline and the rest of the UK slowly following. For Londoners it means equity levels are up, which offers a higher equity potential to be withdrawn for all kinds of purposes. Equity release schemes include interest only, roll up, drawdown, and enhanced lifetime mortgages. With enhanced lifetime equity release the health and lifestyle questionnaire is a handy tool. …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
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