May 2010
28-05-2010 11:06 -
Fresh equity release schemes can be expected at LV= after it appointed a new development manager.
The announcement holds the potential of further products being introduced in the market as equity values in homes continue to fluctuate.
LV= has revealed that Clare Lucas, whose last...
27-05-2010 11:34 -
Equity release has undergone a significant change owing to the highs and lows in the property market, according to new findings.
After the advent of the global economic downturn, equity values of properties have been damaged due to the fall in house prices, claims HSBC.
However,...
26-05-2010 11:21 -
Potential retirees should plan ahead for their retirement and be knowledgeable of supplementary means of income - such as equity release schemes and other solutions - claims one expert.
David Cooper, marketing and distribution director of Just Retirement, pointed out that people could...
25-05-2010 10:52 -
More and more people may have to turn towards home equity loans as a rising inflation rate is expected to drive up costs.
Retirees need to seek out an extra £800 to maintain their standard of living and cover day-to-day costs, according to estimates drawn up by the retirement income...
24-05-2010 11:14 -
Home equity release schemes could provide a reliable supplementary source of income when planning out retirement earnings, advises an expert.
Writing for This Is Money, Danny Cox, head of financial planning strategy at Hargreaves Lansdown, advised "selling, downsizing or using equity...
21-05-2010 11:01 -
Equity release could become easier for people considering the option as calls for greater clarity and transparency surrounding the procedure grow stronger.
In a move that will affect the whole retirement income industry, the Personal Finance Society, the Association of Independent...
20-05-2010 11:13 -
Brits' confidence in their finances and job security is waning, according to an industry expert, which may see more homeowners considering equity release to supplement their income.
Mike Fosberry, president of the Personal Finance Society, said that people were nervous about job security...
19-05-2010 11:08 -
Two-thirds of Brits (64 per cent) are worried about tax increases over the next five years, compared to only 18 per cent that are concerned about the rising cost of living, according to an Aviva Retirement poll.
Those who expect to earn under £750 per month are most concerned about...
18-05-2010 10:53 -
Six in ten advisers are now helping their clients with equity release selection and other financial planning decisions rather than offering investment guidance, research shows.
Nearly a third of advisers (30 per cent) have concentrated almost exclusively on financial planning, according to...
17-05-2010 11:24 -
The shrinking equity release market has not "stemmed interest" among customers, according to a leading industry expert.
Brits approaching retirement still recognise the need for equity release products, claims chairman of the Equity Release Solicitors Alliance Claire Barker, in...
14-05-2010 09:14 -
An increasing number of people could opt for equity release plans in future in order to raise much-needed funds, it is believed.
Equity release could be one of the options on the table for ill or elderly people and their carers, after Emily Holzhausen, director of policy and public...
13-05-2010 11:01 -
The newly formed coalition between the Conservatives and the Liberal Democrats has been welcomed by the equity release trade body Safe Home Income Plans (SHIP).
Andrea Rozario, director general of SHIP, said the announcement has put an end to the uncertainty hanging over the country after...
12-05-2010 11:13 -
The introduction of clearer legislation could boost the property market, one expert believes, which in turn could potentially benefit the equity release sector.
Some "stability and clarity of legislation" is needed in order to create more favourable mortgage conditions, according...
11-05-2010 10:53 -
One mortgage provider has announced the introduction of new 80 per cent loan-to-value (LTV) products for buy-to-let property investors, in a move that could boost the future prospects of the equity release sector.
The Mortgage Works has become the only lender to offer 80 per cent LTV...
10-05-2010 10:58 -
An increasing number of homeowners may be able to benefit from equity release schemes in future, after mortgage brokers predicted a more buoyant home loans market over the coming months.
More than half (58 per cent) of mortgage brokers believe that their levels of business will increase in...
07-05-2010 07:53 -
The future for equity release plans could be rosy after an expert suggested that the property market may be able to enjoy a sustained period of steady growth.
A reported slowdown in mortgage lending represents "normal progress" as there are likely to be ups and downs as the...
06-05-2010 11:00 -
An increasing proportion of homeowners may be able to cash in on equity release schemes in the future, after a sustained period of growth in house prices was predicted by one expert.
Ben Wilkie, editor of What Mortgage, said an upward curve in property prices appears likely, although much...
05-05-2010 11:14 -
Homeowners are being warned to resist the temptation to over-stretch their abilities in attempting household DIY tasks, as poor quality work could actually lower the value of a property.
As many as 4.05 million homeowners have undertaken electrical jobs without professional help, while 3.3...
04-05-2010 11:04 -
The government has been urged to resist the temptation to meddle in the housing market, in news that may interest those looking to benefit from equity release mortgages in the future.
Paul Holmes, chief executive officer of Firstrung, believes the government should "stay well...