New research from Retirement Advantage has revealed that during the first half of 2017, 13 first-time buyers were helped onto the housing ladder every week thanks to relatives who released equity from their homes.
British home owners are using their properties as a back-up savings account as the average amount of equity released in July hit a record £78,334, according to new figures.
Here at Equilaw in 2017 we have been focussing on our technology, innovation and growth. The New Premises In August, Equilaw invested in the building next door to our current premises on the Gloucester Business Park meaning our office space is now twice as big! We have set the builders to work and they have […]
Equity release borrowers took out £1.25bn in the first half of 2017, boosted by maturing interest-only loans, according to new figures from Key Retirement.
Thousands of people every year in the UK decide to buy a second home, either as an investment which they rent out, or to use as a holiday home, or as a base to spend part of the year.
The Equity Release Council has rebutted criticism that record business levels in the market may be a result of aggressive selling.
In Q2 2017, over-55s withdrew a total of £701m from their homes: the highest figure in any single quarter since The Equity Release Council started recording quarterly activity in 2002. It represents an increase of over a third (36%) in the value of lending when compared to Q2 2016.
The potential wealth available to over-55s in the UK through equity release in Q2 rose 1.4 per cent to around £372bn, according to Retirement Advantage research.
The firm’s latest equity release property value tracker found the figures are driven by house price rises across the country.
Equity release can be one way for those reaching retirement to fund their activities and needs in later life.
What might have once been seen as a fairly niche product has recently seen a surge in interest, as people try to find new ways to unlock the value of their property.
Equity release allows you to access your home’s cash value without selling it, so you can continue living in your home while benefiting from its value. You can receive the payments in monthly instalments or one big sum. But is an equity release scheme right for your needs? Read on to find out the pros and cons of accessing your home’s value, so you can decide if it’s the right step for you.
Equity release continues to grow among UK homeowners in the UK with activity hitting more than £700m in the second quarter of the year, up 36% year-on-year, fresh figures reveal.