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So far Peter Anstee has created 17 blog entries.

Equity Release: What is it and should I have it?

More and more retired people are using their home as cash machines as interest rates continue to fall on equity release loans. Rates have tumbled from around 8% four years ago to a fixed rate of below 3.50%. Money released through equity release is tax-free and you are able to spend the money on whatever you [...]

2020-01-20T16:42:27+00:00March 30th, 2020|Latest news|

Lifetime Mortgages and Retirement Interest Only Mortgages. What is the difference?

Many people ask, what is the difference between a Retirement Interest Only Mortgage and a Lifetime Mortgages. At a quick first look, they both appear very similar, however, there are some very important differences. With both products, the loan is repaid when you pass away or go into long-term care. Also, they can be used to [...]

2020-01-20T16:34:54+00:00March 23rd, 2020|Latest news|

Benefits of Equity Release for you and your family.

By John Cossons, Equity Release Adviser. First of all, we are often asked what are the benefits of Equity Release and Lifetime Mortgages? Here are what some of our clients do with the tax-free money they release from their homes. Repay outstanding mortgage One of the more common reasons that clients take a lifetime mortgage is [...]

2020-01-20T16:29:21+00:00March 16th, 2020|Latest news|

Interest only mortgage: Could this be the answer?

For homeowners with an interest-only mortgage, these can be worrying times. Many will not have a repayment plan and could be looking at an uncertain financial future. So, the worst affected are people coming up to retirement. They are likely to have taken out an endowment plan which was designed to repay the capital amount of [...]

2020-01-20T16:20:58+00:00March 9th, 2020|Latest news|

Have you got a “Retirement Plan” in place?

Putting a retirement plan in place. If you’re in your late fifties/early sixties and starting to think about retirement, there’s certainly a lot to think about! Putting a"Retirement Plan" down in writing may be the best way to focus your thoughts. The important thing is to first get an idea of what level of income you’ll [...]

2020-01-20T16:15:00+00:00March 2nd, 2020|Latest news|

Equity Release plans. What are they?

More retired people are using their home as cash machines as interest rates continue to fall on equity release plans. Rates have tumbled from around 8% four years ago to a fixed rate of now below 3.50%. Money released through an equity release plan is tax-free and you can spend the money on whatever you like [...]

2020-01-20T16:08:34+00:00February 24th, 2020|Latest news|

How low can Equity Release rates go?

As equity release rates continue to tumble. Recent figures from data analyst Moneyfacts, show that equity release rates are falling. For the first time in more than a decade, the average equity release rate has dropped to below 5%. Most lenders now charge an interest rate of 4.99% for releasing funds from your home. This is [...]

2020-01-20T16:01:10+00:00February 17th, 2020|Latest news|

It’s official. Best Equity Release Adviser of the Year.

Congratulation to our equity release advisers John Cossons and Darren Amos whom both submitted entries to this years, Retirement Planner Awards. Their applications helped Equity Release Northampton to win the coveted award of “Best Equity Release Adviser of the Year” for 2019. These national awards are open to financial advice firms and wealth managers that offer [...]

2020-01-28T15:26:00+00:00February 10th, 2020|Latest news|

Why we are Dementia Friends. Find out more.

As a company, we at Equity Release Northampton have all undertaken training to become Dementia Friends. What is a Dementia Friend? A Dementia Friend is someone who learns a little about what it is like to live with dementia and then turns that understanding into action, for instance, signing up to the Alzheimer’s Society’s campaigns to [...]

2020-02-03T16:13:44+00:00February 3rd, 2020|Latest news|

Housing wealth is used to clear debts.

For many people entering retirement with a reduced income, budgeting to pay for existing mortgage and credit card debts can be hugely stressful. Often people will continue working longer than they planned or consider drastic and unnecessary changes to their lifestyle by selling up and moving to a cheaper property. Figures show that more retired homeowners [...]

2020-01-20T15:46:39+00:00January 27th, 2020|Latest news|