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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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. [...]
