News

Would equity release taxation help solve the downsizing problem?

With figures for the second quarter confirming a 12% increase in equity release lending on the first three months of this year and a 39% rise on the same period for 2017 (according to the Equity Release Council)

Read it on Financial Reporter

How over-55s are cashing in £11million a day from their house value in ‘equity release’ to boost finances in later life

Homeowners aged 55 and over raised a record £1billion through equity release between July and September – £11million a day, figures show. The quarterly figure is up 24 per cent on a year ago. The money was ‘withdrawn’ from the value of homes to pay for items such as care, home improvements and helping children get on the property ladder.

Read it on Mail Online

Zest for holidays of a lifetime prompts record demand for equity release

Homeowners are unlocking a record £11m a day from their property and spending it on home improvements, lavish holidays and sometimes even passing it on to their loved ones, according to new figures from the Equity Release Council.

Read it on The Times

£11 million is being released in property wealth every day in the UK

Home owners in the UK aged 55 and over are releasing the equivalent of £11 million every day from their homes, according to the latest quarterly lending figures from the Equity Release Council.

Read it on Property Wire

EQUITY RELEASE – KNOWING YOUR OPTIONS

It is a fact people are living longer and many individuals are finding it more of a struggle financially.

Read it on Business Leader

How to use equity release to buy a holiday home abroad

Many people dream of buying property abroad to enjoy during their retirement, and equity release is one way to fund a house purchase overseas.

Read it on The Telegraph

Increasing use of equity release to fund property: Retirement Advantage

Figures from Retirement Advantage show that more and more over-55s are using equity release loans to buy new property.

Read it on Mortgage Strategy

Self-employed borrowers have an appetite for equity release

There has been a rise in the number of self-employed customers using equity release, the Equity Release Supermarket has seen.

Read it on Mortgage Introducer

Are equity release lenders gambling on rising house prices?

A preliminary consultation paper issued by the Prudential Regulation Authority (PRA) has raised concerns as to the capital holding requirements of companies providing equity release mortgages

Read it on Mortgage Solutions

Agents seeing more demand from downsizers, says equity release firm

An equity release consultancy says the result of its survey of estate agencies suggest an increase in interest from prospective downsizers.

Read it on Estate Agent Today
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