Whether you plan to retire ten years or ten months from now, one thing is for certain: it pays to be prepared as retirement nears. Before the time that you intend to stop working, you will need to think about your financial options and the retirement choices you will need to make. …
Equity release lending hits £1.6bn
According to the Equity Release Council’s last report, the second half of 2015 marked the strongest growth in lending activity since 2008. …
Top ten garden destinations around the world
Are there many experiences as uplifting as a visit to a truly inspiring garden? Being outside in a beautiful place doesn’t just give us some great ideas for our own patches at home, but can really boost our spirits and help give a new lease of life. …
Majority to be worse off under New State Pension
If you retire after the major reforms to the State Pension next month, a report has revealed you are likely to be worse off than under the current system. Official figures from the Department for Work and Pensions (DWP) have revealed that: 80 per cent of men and women would be better off with the current …
Could your health condition get you more money?
It isn’t very often that having a health condition or a history of smoking can be of any benefit to you; quite the opposite in fact when it comes to applying for life insurance, for example. But when it comes to equity release, being honest about your medical history could see you accessing a bigger …
L&G unveils 4.99 lifetime mortgage
Legal & General has launched a lifetime mortgage charging a market leading 4.99% APR on larger loans – and Bower are delighted to be able to offer it to our clients. In the last few weeks the insurer has unveiled the details of the drawdown lifetime mortgage: • Available to borrowers with homes worth more …
The History of Bower
As we look forward to celebrating our 10th birthday this June, we thought it would be apt to share the history behind our company name and where it came from. Bower comes from the village Havering-atte-Bower, where our CEO, Geoff Charles grew up – just 15 minutes from our head office in Ongar, Essex. Bower …
Equity release is breaking records!
Equity release lending breaks quarterly, half-year and annual records Drawdown accounts for seven in ten new plans agreed More than 22,500 new plans agreed for the first time since 2008 Market has doubled in size since 2011 and exceeds its pre-recession peak by 33% …
Achieve a healthier you with this simple one-week guide
We all know how important it is to live healthy lives in order to keep fit and well, but sometimes it can be hard to find the time or the motivation to get up and get going, or to kick those bad habits. When it comes to exercise, the NHS recommends those of us aged …
Why are so many homeowners choosing equity release?
With more and more people using their housing wealth to raise funds for their retirement, 2015 turned out to be a bumper year for equity release sales. According to the Equity Release Council, lending in the first to the third quarters last year exceeded the total for the whole of 2013, with around £5m of …