How to Release Equity On Your London Home for a Location in the Country
May 19th, 2014
Castle Trust announced people over the age of 55 living in the capital could take advantage of their current home and purchase a second country home. The company further stated all it takes is 20 per cent of the current home’s equity to make this secondary purchase happen. Through an equity release scheme like a lifetime mortgage, housing owners in London could find a second home in numerous areas in the country. To determine if you would qualify and how much equity can be released, use an equity calculator UK and find out how much equity you have and learn about all your lifetime mortgage options. …read more
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
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 Spending Habits Cause the Older Generation to Lean towards Equity Release
May 16th, 2014
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
How London Equity Release Schemes Benefit from Rising House Prices
May 16th, 2014
Anyone over 55 living in the Big Smoke is currently benefiting from the exceptionally rising London housing prices. Figures in 2014 have shown that yet again it was UK’s capital seeing the focus of where prices showing the greatest increase. London property values on average soared by 17.7% in February 2014 compared to the year earlier. So how can this growth in London’s equity benefit the over 55’s, or those already in their retirement? …read more
Short London Leases – Extended with Equity Releases
April 7th, 2014
There are a number of questions that arise when it comes to leasehold properties and the potential for equity releases. The biggest of these is often whether or not an equity release company will accept leasehold properties at all and the answer can be quite complicated, depending on the individual situation. …read more