Category: Equity release
Almost a fifth (18%) of homeowners over 40 say changes to state pension legislation have affected their retirement planning.
Two out of three say equity release boosted their quality of life .
The three-year partnership will see Marsden to refer their interest-only mortgage clients through to Age Partnership for a free equity release review.
The addition marks a strong two years of growth for the Council, which has seen individual membership increase by 50% to more than 1,500.
Pure Retirement has launched its new Heritage Freedom 20 product, offering customers the ability to repay up to 20% of their loan each year early repayment charge (ERC) free.
An estimated 78% of advisers think more of their customers will look to equity release to support basic retirement needs over the next year, according to more2life.
The Bank of Gran and Grandad has gifted close to £1m a day during the stamp duty holiday, according to data collected by Key.
Over a tenth (12%) of UK homeowners aged 40 and above would consider releasing equity from their property to supplement retirement income, according to Canada Life.
The document aims to support high standards of advice and good consumer outcomes, and is available to all on the council’s website.
The number of customers looking to unlock wealth from their home to make renovations initially rose in August 2020, and has been one of the main reasons for customers looking to take out a lifetime mortgage since then.