Taking out money in your home when in retirement is still possible, although the products are different from what you may have had in the past. When you reach the age of 55, you can begin to search for equity release products called lifetime mortgages or home reversion. These two products allow you to take […]
Read More
Being in the life insurance or lifetime mortgage business means that you have a tough sale to make and even more explaining to do when it comes to approaching potential clients. No one likes the idea of having to pay for yet another insurance policy when faced with so many expenses as it is on […]
Read More
Come retirement age, many pensioners soon hit upon the realisation that cash is required more than ever. Being the longest holiday of one’s life and having more leisure time than ever, money can soon become in short supply. So what are the alternatives and do you have to worry about means tested benefits? Other than […]
Read More
In the current economic climate, a great number of people are struggling to survive on their pension income. As the methods of quantitative easing have slowly eroded the value of savings, compromised traditional pensions and brought the rates of annuity down, many pensioners are struggling to maintain their lifestyle with even basic necessities. For many […]
Read More
When thinking of equity release, it is natural to ask “what is the maximum I can borrow?” For many people the amount available to borrow can be a major deciding factor as to whether they should pursue equity release or explore another avenue of finance. However, there are other considerations which should be given some […]
Read More
With the people around the world still feeling the impact of the global crisis in the financial industry, many are trying to establish a financial solution to their current recession problems. These problems are not limited to the working age population as many older people have seen the real world value of their pension compromised […]
Read More
An equity release is when you retain the home you’re living in while receiving a lump sum of cash from the value on the home. There are many equity release schemes available, such as an interest only lifetime mortgage, home reversion, and roll-up lifetime mortgage. With each of the equity release schemes, the homeowner can […]
Read More