Recent figures released by the Equity Release Council estimate that the equity release market has doubled in size in just three years with retired homeowners releasing over £3.6 billion in property wealth last year. Equity release allows you to release a tax-free lump sum from the equity locked in your home. You can do this without [...]
It is a fact that most people’s financial wealth in the United Kingdom is tied up in their property. Furthermore, many retired people in Northampton consider themselves “cash poor but property rich”. Equity release can be used in later life to supplement pension income or used to finance major items of expenditure. These can include- Home [...]
“Congratulations” to Megan Leach our apprentice. Congratulations to Megan Leach, our Apprentice Equity Release and Protection Administrator for passing her exam. Megan successful completed, “Principles of Administration” (Exam 319) part of her NVQ Level 3 business administration qualification. Additionally, Megan is supported in her training with day release, provided by "Starting Off" at their Kettering Office. [...]
By John Cossons, Equity Release Adviser with Equity Release Northampton Home care can look an attractive alternative to residential care and is often preferred by those who have a lower level of care needs. As you get older remaining in your own home becomes more important. Home care is available at varying levels to accommodate the [...]
A“Sandwich Generation,” who are they? "Sandwich Generation" is a term used for the group of people who are feeling the financial strain of supporting their children, grandchildren and ageing parents. With young adults struggling to achieve financial independence and a population that is living longer the burdens and responsibilities of the over 55s are increasing. Recent [...]
More and more retired people are using their home as cash machines as interest rate continue to fall in the equity release market. Rates have tumbled from around 8% a few years ago to an average of 5.2% with some deals as low as 3.6%. Remember that this is a fixed rate for life. Additionally, people [...]
You may have looked at equity release in the early days when the industry was not as strictly regulated and policed as it is today. it might have been when interest rates were high. You might have felt that equity release was inflexible, costly and takes advantage of people when they are old and vulnerable. The [...]
