Equity Release Sales Are On The Rise Are you happy that your clients’ descendants will never complain that they discovered how equity release works? I read an article confirming the Equity Release Market continues to expand in leaps and bounds. Between January and June this year, £1.71 billion of wealth was released, which confirms a 37% upward growth of the market. According to the Key Retirement’s Equity Release Market Monitor, more was released in the first six months of 2018 than over the whole of 2017. There were 22,816 plans sold. A staggering £9.5M property wealth released each … [Read more...] about The Need for Cash Flow Forecasting Is Even More Relevant Now That Sales Are Really Shooting Up
With all the horrendous news about the recent flooding in the country, you should be concerned that if you want equity release at some time in the future, you may be in for a very unpleasant surprise. One of the largest lenders always checks on areas that could possible flood and then turn down properties out of hand. And with the latest problems, equity release could well suffer drastically in future. You can check whether you are eligible for an equity release plan even though you may live miles away from water at the moment. Or it may be that there have been serious constructions and … [Read more...] about Flooding and the Flood Plain Problem
Have we reached the point where the average working life isn’t long enough for us to buy a home? That’s the picture emerging from another week in which there was another raft of data about incomes, savings, mortgages – and house prices. At one end of the lifespan are older home owners stuck with mortgages, inadequate pensions and looming care bills. They’re not going to be able to pay off their mortgages and they’ll have to sell up, downsize, take out lifetime loans in the form of equity release – or, like their much younger counterparts, rent. Official figures suggest there are over … [Read more...] about The average working life isn’t long enough to pay for a house!
We are are continually being reminded that some people feel uncomfortable because of the stigma attached to equity release. Now the equity release market is bursting with innovation and this keeps building confidence. Inflexible plans are being phased out which removes such issues as greatly reduced inheritances. Many equity release plans now have repayment schemes included to regulate their outstanding balance and reduce a financial build up. We will help you to dispel any myths by working closely with you by explaining how these new product features present fresh opportunities yet to be … [Read more...] about The stigma attached to equity release