In a statement this morning (2 July), equity release provider Just stated its capital position as of the end of 2017 was calculated on a basis which was consistent with the current rules. Over-55s offered unsecured loans of up to £150,000: do the numbers add up? Equity release referrals keeping flowing despite Covid, Equity Release Council sets out guidance to deliver more ‘personalised’ advice, Air Mortgage Club unveils large case ‘concierge’ service for advisers, MCI Club launches tailored version of Air Sourcing for later life advisers, Retirement interest-only mortgage options increase during pandemic, Scaremongering stories create challenges for equity release advisers, Air Group ‘temperature check’ highlights best performing equity release lenders, Newcastle BS enters exclusive later life collaboration with Key, Pure Retirement launches equity release repayment calculators, Equity release plans jump 41%, reports ERC, Buy-to-let availability falls amid rising demand from tenants, Mortgage approvals soar to pre-Credit Crunch high, Hanley Economic selects Berkeley Alexander as its general insurance provider, ASTL: Bridging applications leap to record levels in Q3. Registered Address: 70 St. Johns Close, Knowle, Solihull, England, B93 0NH With most Equity Release mortgages it’s likely that the loan is increasing in size as interest on money you have borrowed on the mortgage accrues. Share. The Equity Release Council has published a Best Practice Guide to complement its checklist for advisers and support firms when discussing and documenting customer needs. Data from the Equity Release Council, the industry lobby group, shows that £936m of property wealth was unlocked in the first three months of 2019, 8pc more than last year. Data from the Equity Release Council, the industry lobby group, shows that £936m of property wealth was unlocked in … Read the latest news from the Equity Release market. The number of retirement interest-only (RIO) mortgages has increased during the pandemic from 74 in February to 112 today, the latest figures from Moneyfacts.co.uk have revealed. Equity Release products are complex and can affect important financial advice areas, such as entitlement to state benefits and inheritance. The Mirror Equity Release Advice Service, provided by HUB Financial Solutions, is here to help you decide if equity release is right for you. Equity release News. We provide initial advice for free and without obligation. Pure Retirement has launched two equity release repayment calculators as it updates its online support for advisers. There are two types of equity release; Lifetime Mortgages and Home Reversion plans. Air Mortgage Club has launched a new ‘Large Case Concierge Service’ which allows advisers to locate the best deals for clients who need loans of £250,000 or more. Figures from Key Partnerships shows that while there was a 1 per cent year-on-year fall in the number of new introducers, this has been on the back of very strong growth in recent years. All results forequity release. Home; FAQ; Step by Step; Calculator; Do I need advice? The Equity Release Council is urging to advisers to ‘respectfully and robustly’ challenge clients’ motivations when looking for lending solutions in its new Best Practice Guide, published today. Nude proprietà has existed for a long time in Italy and accounts for a volume of 20-25,000 transactions each year, while Prestiti Vitalizi (PIV) has only existed since 2006, with regulation being recently updated in 2015. More than three quarters of advisers said they had faced challenges when selling equity release because customers were worried by ‘scaremongering’ stories. Published: 03/09/2020. A combination of … Equity release allows homeowners aged 55 and over to borrow cash based on how much their property is worth. Follow the blog at Access Equity Release for regular industry updates, news and useful guides relating to the equity release sector in the UK. It is a £4bn per year market now. Equity release is growing rapidly. ERC: Equity release market shows steady growth in Q3. Summary; CHICAGO--(BUSINESS WIRE)-- Equity Residential (NYSE: EQR), a recognized leader in Environmental, Social and Governance (ESG) principles, today announced the publication of … … The cost of equity release. Most people who are considering taking out an equity release plan think they will use the money to boost their income but what they actually use it for is home improvements. “The continued raising of standards has been fundamental to this shift, so I am delighted to see the Equity Release Council continue to drive improvements across the market by launching its Best Practice Guide. Stay up to date with market updates, new plans and much more with Equity Release Supermarket. Share Tweet Share. There were 10,351 new equity release plans agreed in the third quarter of 2020, new figures from the Equity Release Council have revealed, an increase of 41% from the previous quarter. It is a £4bn per year market now. Lifetime Mortgages Are Attracting Even More Attention As Equity Release Sales Continue To Soar! Published date: 18.02.2019 ; The increased popularity in recent years of equity release (lifetime) mortgages (ERMs) is something of which all UK Finance members will be aware. We have selected some of the latest and most relevant Equity Release news from across the sector for you to read. Those wanting to release cash tax-free from their home to help fund retirement or for home improvements can now do so at … The Right Equity Release do not charge any upfront fees. Generally referred to as ‘the base rate’, when it falls it is usually (but not always) an … Equity release referrals keeping flowing despite Covid 11th December 2020 Leave a comment There was a 1% fall in the number of new introducers entering the equity release market compared to last year, but the market remains robust. MONEYFACTS ARCHIVE. Timescales are dependent upon a number of factors, such as your property type, the lender involved and the efficiency of your solicitor. By using this website you are consenting to the use of cookies. Clear filter > General news > Equity Release news > Pension Income news > Can I still access equity release during lockdown? Nude proprietà has existed for a long time in Italy and accounts for a volume of 20-25,000 transactions each year, while Prestiti Vitalizi (PIV) has only existed since 2006, with regulation being recently updated in 2015. Merry Christmas and a Happy New Year from everyone at the Council. A firm I’ve worked with and had great service from this year is Forever Legal. Andrew O’Connor, John Spink and Sara Whitbread will be joining the company, having each built up between 20 to 30 years’ experience within the wider financial services industry. Contact Us On average, homeowners with an equity release plan paid £95,448 for their current home and it is now worth £206,458. November 2020. Equity Release Council sets out … Share Tweet Share. Oct 29, 2020. At Equity Release Works, we’re with you every step of the way and can help you understand all options available to you. Lifetime mortgage calculators have evolved from the simple concepts they were in the early days of equity release schemes. Equity release news Keep up to date with the latest equity release news with Equity Release Supermarket. This article was correct at the time of publication. News and Insight; Blogs; Equity release:... Equity release: observations from Scottish practice . News; Equity Release and the Legal process Details 12 December 2020 It is fair to say that 2020 has brought many challenges and we have all had to adapt to a new way of living and working, and the equity release market has been quick to react to the changing demands. Any money released, plus accrued interest to be repaid upon death, or moving into long-term care. Figures from Key Partnerships shows that while there was a 1 per cent year-on-year fall in the number of new introducers, this has been on the back of very strong growth in recent years. Equity Release. Equity release cash used for alternate purposes than planned By Joanne Atkin 1 st December 2020 10:10 am. The Old Rectory Equity release may sound a simple way to free up some much-needed cash. We have selected some of the latest and most relevant Equity Release news from across the sector for you to read. DENVER, Dec. 28, 2020 /PRNewswire/ -- Platte River Equity ("Platte River") is pleased to announce the sale of CTS Engines and CTS Testing ("CTS" … This type of borrowing is available to both French and non-French nationals. analyses a new loan option for over 55s, which offers borrowers up to £150,000 without using their homes as security. Age Partnership is recommended by The Times Money Mentor. Equity release requires paying off any existing mortgage. Tags: Solar Buyback Sell my Feed In Tariff Solar Buy Back Sell my FIT Sell my Solar. Jessica Bird October 29, 2020. Equity release news. Equity release in Italy is split between Reverse Schemes (Nude Proprietà) and Equity Release Mortgages (Prestiti Vitalizi). 86 Hits 0 Comments. ‘EQUITY Release’ is one of those magical terms steeped in the probability of getting it badly wrong. Church Lane Thornby Registered Office: Suite 4, Chapel Allerton, District Centre, Town Street, off Harrogate Road, Chapel Allerton, Leeds, LS7 4NB. Here at Solar Equity Release Specialise in purchasing Feed-In-Tarriff. Equity Release Equity release is a way of accessing the cash in your property by taking out a loan secured on your home. Since you have properly qualified financial advisers on hand to help you it can be helpful to consider this website as the one to go to as you edge towards retirement. Over half of all equity release referrals now come from mortgage intermediaries, according to new industry data. Posted on 19 Jul 2020. Equity release News. Equity Release Supermarket makes three hires. Facts about a Lifetime Mortgage Calculator March 11th, 2015 . One Equity Partners is a middle market private equity firm with over $4 billion in assets under management focused on transformative combinations within the industrial, healthcare and technology sectors in North America and Europe. Equity release may sound like a great way to unlock some of the value tied-up in your home. There was a 1% fall in the number of new introducers entering the equity release market compared to last year, but the market remains robust. July 2020. SolarEquityRelease. The continuing role of equity release . The debt is repaid only when they die or go into care. An Equity Release Mortgage Calculator is where your Research Should Start Equity Release // Mark Gregory // November 19, 2014 // no comments The guide has been produced by the council’s standards board, drawing on decades of experience from expert adviser members representing a variety of firms in the market. December 15, 2020 Equity Release Supermarket (ERS) have made three new appointments. The Equity Release Council has just released the latest equity release lending figures for the first quarter of 2019. These days 99% of equity release products are based on a different model: a lifetime mortgage. MCI Mortgage Club has launched its own branded version of Air Sourcing – the platform for advisers in the later life lending sector. Equity release is a means of retaining use of a house or other object which has capital value, while also obtaining a lump sum or a steady stream of income, using the value of the house.. Equity Release Supermarket (ERS) have made three new appointments. Equity release referrals keeping flowing despite Covid By admin in Later life lending 11th December 2020 0 There was a 1% fall in the number of new introducers entering the equity release market compared to last year, but the market remains robust. Equity Release . Lifetime mortgages are the only product that is on the market for the over 55s. Air Group, a collection of firms covering later life services, has published its first ‘temperature check’ report into service levels delivered by equity release providers. Equity release usually takes from between just 4-6 weeks, though at Equity Release Supermarket, we have cases where the whole process has been completed in just 18 days! Equity release allows homeowners aged 55 and over to borrow cash based on how much their property is worth. Equity Release Supermarket is an online website that offers you key financial advice. They can do so through remortgage, secured loan, a 25 year fixed mortgage, or lifetime mortgage. Here, you will find in-depth articles, along with the latest market news and trends from the equity release sector written by our industry leading experts. The Equity Release Information Centre is a trading name of Cavendish Property Investments Ltd. Equity release customers can use their tax-free cash however they choose, so there is often a variety of reasons why people decide to unlock their property wealth. Equity release can be used for a variety of purposes, such as repaying a mortgage, boosting your retirement fund, giving your family a cash boost; home improvements or anything else you may need access to cash for. Clients continue with home improvements and secured rates 1% below the market average. Older homeowners warned over equity release advice costs Over-55s could be wasting thousands by using expensive equity release advisers By Adam Williams 6 Sep 2020, 5:00am We are extremely grateful to all our members,…, Merry Christmas and a Happy New Year from everyone at…, The Equity Release Council has launched a Best Practice Guide to complement its Checklist for Advisers and support firms when…, The Equity Release Council has launched a Best Practice Guide…, Proportion of over-55s worried about running out of money in retirement increases to over a third (34%) over the last…, Proportion of over-55s worried about running out of money in…, Mortgage Introducer has published an article following the Council's appointment…, Best Advice has published an article following the Council and…, UPDATED NOV 10 Download the presentation here Watch the webinar…, Summary - link to full report appears below Equity release…, Mortgage Solutions published a piece by Andrea Rozario, COO of…, Mortgage Strategy has published a  piece examining how fears over…, Equity Release Council Home News Retirement Equity release rates are now lower than at the start of 2020. You will need to employ a solicitor or conveyancer and there may be completion, arrangement and other administration fees. Equity release can enable homeowners to remain in their forever home and fund their retire... 0. 0800 085 1786 ; enquiries@harbourequityrelease.co.uk; Insights. Derin Clark Online Reporter. To understand the features and risks, please ask for a personalised illustration. I therefore suggest that you check the adviser’s credentials, perhaps looking to see if they are a member of the Equity Release Council, which is the industry body for the UK equity release sector. Newcastle Building Society customers who want to explore equity release will be referred to Key Group under a new deal struck between the two organisations. Equity Release Mortgage Advice The Latest Interest Rate Cut and How it Affects You. Tread carefully if you're thinking about equity release The equity release market is getting its act together. You can do this via a number of policies which let you access – or 'release' – the equity (cash) tied up in your home, if you're 55+. While news regarding Britain’s rollout of the coronavirus vaccine has rallied stock markets and helped boost consumer confidence, the economic disruption caused by the pandemic is expected to last for a long time yet. Here, you will find in-depth articles, along with the latest market news and trends from the equity release sector written by our industry leading experts. Equity release will affect potential inheritance and your entitlement to means-tested benefits both now and in the future. Our Equity Release Knowledge Hub is full of reports and documents from both the Council and the wider Sector. Equity release news. Equity Release may involve a Lifetime Mortgage or a Home Reversion Scheme. This website helps you compare equity release, find news, information, and articles. Equity release is traditionally a loan that offers homeowners a lump sum, and the total amount depends on a range of factors, including the age of the borrower and the amount of equity in their home. ©2020 Equity Release Council. Which? Over half of all equity release referrals now come from mortgage intermediaries, according to new industry data. - Importantly, we DO NOT lease an... Continue reading. You don’t need to have fully paid off your mortgage to do this. The "catch" is that the income-provider must be repaid at a later stage, usually when the homeowner dies. 0. Nov 23, 2020. Key Share. This means they have made £111,010 and released 23 per cent of the home’s value. About us. Q My mother took out a lifetime mortgage for equity release in 2011. Loans. Jessica Nangle December 15, 2020. However, this doesn’t mean that you can’t port your mortgage to another, perhaps smaller, property. The average rate for equity release dropped to 4.21% on 3 September 2020, only fractionally above the lowest ever average rate seen since 2007, at 4.13% in March 2020. Press Release Equity Residential Issues Sixth Annual ESG Report. It […] "The average overall interest rate for lifetime equity release deals has fallen slightly year-on-year, from 5.27% in February 2018 to 5.24% today, however the rates have risen since July 2018, when the average overall rate was its lowest recorded at 5.04%. EQUITY release demand has risen in recent months in direct response to the pandemic according to new research from SunLife. Equity release in Italy is split between Reverse Schemes (Nude Proprietà) and Equity Release Mortgages (Prestiti Vitalizi). The amount borrowed was nearly £100,000 (about half the value of her … The number of new equity release plans agreed in Q3 2020 was 10,351, an increase of 41% from the previous quarter, according to the Equity Release Council (ERC). Registered in England and Wales no. Retirement is not as pretty as it used to be. Read the latest News, Deals and Rates! Season’s greetings. Equity Release Sussex is a trading style of TRM Financial Ltd (FCA Ref 725622), an Appointed Representative of The Right Mortgage Ltd, which is authorised and regulated by the Financial Conduct Authority (649443). Andrew O’Connor, John Spink and Sara Whitbread will be joining the company, having each built up between 20 to 30 years’ experience within the wider financial services industry. Keep up to date with the latest equity release news with Equity Release Supermarket. The debt is repaid only when they die or go into care. Mortgage Finance Gazette is owned by Metropolis International Group Limited, a member of the Metropolis Group; you can view our privacy and cookies policy here. Featured Articles. 09832887. Home News Retirement Equity release market growth. But there are usually costs involved. But it's far more expensive than you may have realised, sa… 27 Jan 2012. All news Home & garden Technology Money Baby & child Cars Travel Consumer Rights Coronavirus. In return for your Feed-in-Tariff, we also provide free maintenance for the remainder of the Feed-in-Tariff scheme. 11/4/2020. Equity Release products are complex and can affect important financial advice areas, such as entitlement to state benefits and inheritance. Michelle Monck Consumer Finance Expert. Do you think the Stamp Duty holiday deadline should be extended? EQUITY RELEASE NEWS. Retirement interest-only mortgage choice triples in a year The mortgages can be used for different reasons, including as an alternative to equity rel... 0. ‘EQUITY Release’ is one of those magical terms steeped in the probability of getting it badly wrong. There may be out of date of up to date with market updates, new and. Not lease an... Continue reading new appointments it is now over 6 months old so the content be! 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