Archive Monthly Archives: November 2018

Unreasonable Variable Equity Release Exit Fees Sting Consumers – Today's Conveyancer


Today’s Conveyancer

Unreasonable Variable Equity Release Exit Fees Sting Consumers
Today’s Conveyancer
Equity release loans have been an increasingly popular funding method for those in later life. Lucky home owners that have lived in their property for a significant amount of time have enjoyed huge increases in its value. Those that are property rich

One in eight equity release customers futureproof homes: Canada Life – Mortgage Strategy


Mortgage Strategy

One in eight equity release customers futureproof homes: Canada Life
Mortgage Strategy
Research from Canada Life has revealed that a significant proportion of over-55s use equity release to make their homes safer and more comfortable as they get older. Half (50 per cent) of Canada Life's equity release customers used some, or all, of the …
More customers using equity release for home improvements …Mortgage Introducer
Equity release used to make homes safer and more comfortableBestAdvice (blog)

all 3 news articles »

Beware the equity release exit fee trap: Homeowners hit with charges of up to £23000 if they suddenly need to sell – This is Money


This is Money

Beware the equity release exit fee trap: Homeowners hit with charges of up to £23000 if they suddenly need to sell
This is Money
Christine Williams had never planned to sell her family home, but after separating from her husband she had no choice. It was particularly bad timing, too, because Christine, 68, had taken out a £25,000 equity release loan against the property to pay

How is equity release evolving? – Telegraph.co.uk


Telegraph.co.uk

How is equity release evolving?
Telegraph.co.uk
The Telegraph Equity Release Service provides comprehensive information to help you decide if equity release is the right product for you. We also have an equityrelease calculator that can show how much equity you could release from your property.

Why equity release should be a family affair – What Mortgage


What Mortgage

Why equity release should be a family affair
What Mortgage
“This is hugely significant for the industry as we work very hard to maintain high standards of product innovation and advice so it is extremely frustrating when someone complains as they didn't realise their parents had used equity release to access

More lenders must take Saga's nuanced equity release approach – Rozario – Mortgage Solutions


Mortgage Solutions

More lenders must take Saga's nuanced equity release approach – Rozario
Mortgage Solutions
The product, where customers can take regular monthly payments of anywhere upwards of £200, is the only one of its kind currently available. There are certain restrictions, however, including the need to take an initial tax-free lump sum of £10,000

'My lender wants £161k in penalties': the 'astonishing' rates of equity release interest – Telegraph.co.uk


Telegraph.co.uk

'My lender wants £161k in penalties': the 'astonishing' rates of equity release interest
Telegraph.co.uk
Often, it is only when the policyholder dies that the cost of the loan becomes apparent to the family, and heirs are left with little or no inheritance once the equity release provider has taken its share. Tom Raitt, 88, of Solihull, wanted to sell a

Age Partnership triples non-equity release business – FT Adviser


FT Adviser

Age Partnership triples non-equity release business
FT Adviser
Most commonly known for its equity release expertise, Age Partnership said it dramatically boosted its standard mortgage business by using Knowledge Bank, which allows brokers to search lenders' mortgage criteria. Anthony Barratt, mortgage desk manager …
Knowledge Bank helps Age Partnership to triple non-equity release businessBestAdvice (blog)

all 3 news articles »

Involving families will cut equity release complaints but older people worry about financial stability – research – Mortgage Solutions


Mortgage Solutions

Involving families will cut equity release complaints but older people worry about financial stability – research
Mortgage Solutions
According to research conducted by More 2 Life, 80% of equity release advisers felt there was a need for family members, such as children and grandchildren, to be involved in the advice process. Similar numbers (75%) of brokers found family members …

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