Retirement Planning

Conservatory, home improvement building extension, house exterior

Why do homeowners use equity release?

With equity release sales continuing to soar, we investigate why homeowners are tapping into their property wealth and what has led to the sudden surge in the popularity of equity release.

The equity release market is booming and records are being broken in all directions. At £898m, the value of housing wealth released in the second half of 2015 was the largest of any half year, and the first quarter of 2016 went on to see more sales than any other three months on record. Over £1.61billion was unlocked by equity release customers in 2015.Read more

Luxury holiday destination: Monaco, Monte-Carlo Coastline

Luxury destinations… short haul locations

Today’s retirees are a far cry from the traditional perception of years gone by, with people of retirement age living longer, healthier and more active lives than ever before.

Thanks to modern medicine and longer resulting lifespans, those of us in or approaching retirement can embrace our golden years as a golden opportunity. Seeing the world, learning new things and achieving lifelong ambitions… now is our chance to do what we put on hold when we were busy raising families and climbing ladders!Read more

Why set up a Lasting Power of Attorney?

As the average age of the UK population increases – currently 86 for men and 89 for women* – we are unfortunately at a greater risk of developing degenerative mental conditions such as dementia or Alzheimer’s.

Conditions such as these, which can severely impair the way we make decisions, are not particularly pleasant to think about, but it is wise to consider what would happen to your wealth and your personal care if you lost your mental capacity.
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ticking things off

Your checklist for retirement

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.
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savings pot

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 State Pension arrangement than they would be on the New State Pension
  • Women (33%) are more than three times more likely than men (9%) to be better off on the new system rules

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Country Bungalow

How to move on up in retirement – and what to consider before buying

Moving house in later life can be tough, both financially and emotionally. But for those of us in a house that isn’t ideal for our retirement years – perhaps on too many levels, or too large now the children have flown the nest – moving may be a necessary task.

Have your heart set on a beautiful bungalow close to loved ones, or a picturesque cottage in a friendly village? You may find the value is the same or more expensive than your current property. If this is the case and you do not have enough in savings to help with the purchase, did you know equity release could assist you in buying your new home?
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