Pension Loans

Tag: Lifetime Mortgage

  • The Bank of Mum and Dad – Helping Your Kids onto the Property Ladder

    Many young adults find themselves struggling to make their first step onto the property ladder. With house prices and mortgage rates at an all-time high, it’s no wonder the “Bank of Mum and Dad” is increasingly becoming a crucial resource for aspiring homeowners. If you’re considering lending a financial hand to your children, understanding the…

  • Boost to Pure Retirement’s ‘Emerald’ Lifetime Mortgage Range

    Pure Retirement, a key player in the UK’s financial services sector, has announced a significant overhaul of its popular Emerald lifetime mortgage range. This revamp brings a host of enhancements designed to attract a broader array of consumers seeking financial comfort in their retirement years. One of the main changes in the Emerald range is…

  • Equity Release Usage Holds Strong in Early 2024 Despite Fewer Newcomers

    In the first quarter of 2024, the UK’s equity release market showed a resilient performance with over 14,000 clients opting to unlock value from their properties, according to the latest figures from the Equity Release Council. Specifically, from January to March, a total of 14,216 customers engaged with equity release products. This is a modest…

  • The Bright Future of Later-Life Lending

    Equity release, once a niche financial product, has firmly established itself as a mainstream solution for later-life financial planning. This shift reflects the evolving needs and growing acceptance among homeowners, particularly those over the age of 50. As the industry continues to innovate and adapt, equity release is set to play a pivotal role in…

  • Wealthy Homeowners Leverage Property Equity for Luxuries and Loans

    A recent study by lifetime mortgage lender Pure Retirement has highlighted an intriguing trend in the property market: a significant 19% of all new equity release plans in the first quarter of this year involved properties valued at over £550,000. This statistic reveals how higher-end homeowners are increasingly tapping into their property’s equity, whether for…

  • More Brits Using Equity Release for Dream Holidays and Swanky Cars

    Recent data from Pure Retirement for the first quarter of 2024 reveals a shift in how people are choosing to use equity release. It appears that a significant portion of new customers are now tapping into their home equity not just for necessities, but for more aspirational purposes. Specifically, 20% of new equity release customers…

  • Equity Release Trends and Future Potential

    Despite a challenging economic climate, the potential for growth in the equity release sector remains strong, as highlighted by the industry’s key representative, the Equity Release Council. In recent years, particularly in 2022, the sector saw a record-breaking influx with £6.2 billion released. However, 2023 witnessed a significant drop in total lending to £2.61 billion,…

  • Pure Retirement Boosts Loan Options for Homeowners

    Pure Retirement, a key player in the lifetime mortgage market, has announced significant enhancements to its Classic lifetime mortgage products. In a move aimed at increasing accessibility for homeowners seeking to leverage the equity in their homes, the company has raised the loan-to-value (LTV) ratios up to 48% on its standard range. This strategic adjustment…

  • Time to Rethink Lifetime Mortgages? A New Approach for Later Life Lending

    A recent discussion highlights a possible shift in how brokers could approach lifetime mortgages to ensure consumers are not only informed but protected. This fresh perspective calls for a deeper examination of customers’ financial situations, advocating for a practice that might seem obvious yet is often overlooked: considering income in lifetime mortgage recommendations. Edward Payne,…

  • Unlock Your Home’s Value While Saving Money – New Equity Release Option!

    Standard Life Home Finance has introduced a new facet to its popular ‘interest reward’ equity release scheme. This latest innovation, dubbed the Horizon Interest Reward product, is designed to attract a broader audience by offering a more flexible way for homeowners to manage the financial implications of tapping into their home’s equity. A Fresh Take…