pound notes

Baby boomers cash in their gains

For the post-war generation popularly called ‘the baby boomers’, their house has been their soundest investment. House prices have, over long run averages, consistently climbed for decades and today the baby boomers have the option of turning to lifetime mortgages to cash in on these historic gains.Read more

image showing person writing a will

Looking After Your Beneficiaries

Nearly 30% of people aged 55+ have apparently not made a Will.* If we are not wealthy, many of us often consider that a Will is not necessary and that everything will be sorted out under the intestacy rules which will apply in these circumstances. This is not a good point of view for many reasons some of which are highlighted below:
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Banking with Granny & Grandad

A recent press release from Lifetime Mortgage provider LV= has revealed the extent to which grandchildren are given financial support by their grandparents. Apparently nearly nine out of ten grannies and grandads have given cash and/or loans to their grandchildren since 2012.Read more

Help the Family up the Housing Ladder

The Royal Institute of Chartered Surveyors has just reported that residential property sales have doubled in number since the market downturn six years ago. As a result, due apparently very much to a shortage of houses available for sale, prices are rising in most regions.

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Equity release as a way of reducing inheritance tax and other advantages

As we come up to retirement and start to consider the passing on of wealth and assets, whether they be savings or bricks and mortar, on to our children – many of us will be exploring ways in which to minimise their Inheritance Tax liabilities.  Most of us want to feel that the value of what we leave to our loved ones in our will is not going to be significantly eroded by tax liabilities after our death.  One way of doing so and providing a lump sum during your own lifetime is through equity release schemes.

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Supporting the Family with Equity Release

With the Chancellor George Osborne announcing that there is to be a cut to child benefits, many families will soon start to feel the pinch. If helping your family out financially is something you feel strongly about, you are aged over 55 and you own your own home, a lifetime mortgage or home reversion plan could be worth investigating as both allow the release of cash from a property to spend on absolutely anything desired and in fact one of the most popular uses of equity release is to help out the family.Read more

Equity Release Helps the Kids

Recent media reports have indicated that a growing number of young people in Britain are finding it difficult to make ends meet. And because of this, many parents or grandparents are looking into ways of finding the money to help them, perhaps by providing lump sums to pay for deposits on first homes or to lend a helping hand to get loved ones out of debt.Read more