Pension Loans

Tag: Equity Release Council

  • Record Property Wealth for Over-55s

    The value of homes in the UK has been on the rise, and that’s good news for homeowners, especially those approaching retirement. According to the Equity Release Council, the total value of property equity in the UK has hit a record high of £5.7 trillion. That’s more than the £5.6 trillion reached back in mid-2022,…

  • Unlocking Your Home’s Value – How Equity Release Can Help You Go Green

    Are you thinking about retirement and how you can make your home more energy-efficient? Well, you’re not alone! Many people are looking at ways to lower their energy bills and make their homes more comfortable. And now there’s a new way to do it, combining equity release with home improvements. Equity release is a popular…

  • How To Save Thousands on an Equity Release Loan

    Are you worried about having enough money to live comfortably in retirement? You might be able to unlock some of the value of your home, and even save thousands in the process. Equity release lets homeowners over 55 borrow money against the value of their property. This way, you can access cash without having to…

  • Confused About Your Borrowing Options? You’re Not Alone!

    Many older homeowners are feeling lost when it comes to their finances, according to a new study. The Equity Release Council (ERC) found that a third of homeowners over 55 are confused about their options for later life. The good news is that many people are turning to online resources for help. The ERC study…

  • Cashing in on your Home – More Pensioners Turning to Equity Release

    With the cost of living squeezing household budgets, more and more people are looking to their homes to boost their finances. The good news is that the equity release market is booming, with more people than ever before choosing to unlock the wealth tied up in their properties. This means you’re not alone if you’re…

  • Retirement Boost! Pensioners Save £300 Million on Home Loans

    If you’re nearing retirement, or already enjoying your golden years, you might be able to save a lot of money on your home loan. New figures show that people who have taken out “equity release” loans have saved a massive £300 million over the last two years, simply by paying back some of their loan…

  • Don’t Be Fooled! 5 Equity Release Myths Busted

    Retirement can be a time to enjoy your hard-earned savings, and maybe even treat yourself to something special. But if you’re thinking about using your home to unlock some extra cash, you need to be careful. Equity release is a complex product that can be helpful, but it’s not right for everyone. There are a…

  • Pension Woes – One in Five Retired Brits Struggling Despite Owning Their Homes

    It’s a nightmare scenario: you’ve paid off your mortgage, you’re finally retired, but you’re still struggling to make ends meet. And shockingly, new research shows that this is the reality for one in five British retirees. A new study by Senior Capital, which surveyed over 2,000 people, has revealed the financial struggles facing many retirees.…

  • Guide to Safer Equity Release – New Legal Framework Unveiled

    The Equity Release Council has launched a comprehensive legal guide, accompanied by a report on consumer vulnerabilities. These initiatives are designed to enhance the legal support provided to customers, particularly the elderly, who may face increased risks of vulnerability. The newly released “Vulnerability Vigilance” report highlights the most common vulnerabilities observed in equity release customers.…

  • Over 60% of Lifetime Mortgage Brokers Hike Fees Amid Financial Strain

    A revealing study of the financial pressures facing the mortgage industry has shown that the majority of lifetime mortgage brokers now charge over £1,000 for their services. This shift in fee structures reflects a significant adjustment to market conditions and regulatory requirements. Data sourced by Mortgage Solutions through a Freedom of Information request to the…