Equity Release

Just eight per cent of people in the UK approach independent financial advisers (IFAs) to discuss their retirement plans, new research has revealed.The study, conducted by the Safe Home Income Plans (SHIP), found that four times this proportion (32 per cent) scan the internet for such advice.According to the equity ... read more

A significant percentage of Britons are planning to rely on the state to fund their retirement, according to new research.Figures from a recently-published study by SHIP, the equity release trade body, revealed that 91 per cent of respondents intend to claim state retirement benefits.The figure comes despite 91 per cent ... read more

Two-thirds of pensioners do not have adequate finances to meet their social care costs.This is the view from the Liberal Democrat party following research into the subject which revealed 66 per cent of the UK's pensioners will face difficulties in meeting the payments.Commenting on the research, SHIP, the equity release ... read more

Equity release schemes can provide a key source of retirement funding for the UK's pensioners.This is the view of an all party parliamentary group, which has voiced its support for equity release as a way of providing pensioners with vital retirement funds.Such schemes can provide homeowners with a welcome financial ... read more

Almost half of people in the UK have given money away to their adult children or grandchildren in the last year, new research has revealed.The study by Scottish Widows found that the recession has led to an increasing number of younger people turning to their parents for monetary support.However, this ... read more

People looking into equity release schemes such as lifetime mortgages could be among those to be encouraged by a new report.Recently released data from the Royal Institute of Chartered Surveyors (Rics) has suggested that the UK housing market is improving faster than most of Europe.According to the organisation's 2010 Rics ... read more

Official Land Registry figures, which were published earlier today (February 26th), have confirmed that house prices continued to rise last month.Data from the latest Land registry House Price index has revealed that the average price of a property in England and Wales stood at £165,088.This represented a month-on-month growth of ... read more

Homeowners who are considering taking out an equity release scheme in order to boost their finances in the post-recession environment could be among those to be encouraged by new government figures on house prices.According to the latest House Price Index from the Department for Communities and Local Government, UK house ... read more

The equity release market in the UK is set for future growth to meet the increased demand of consumers, according to a recent study.Results from the latest member survey from the equity release trade association SHIP, has revealed that more than half of the respondents believe that "fulfilling customer need" ... read more

The popularity of additional retirement funding schemes could be set to rise, one industry body has suggested.According to the Pensions Policy Institute (PPI), many pensioners will need to have additional sources of income as pensions alone will not provide enough money to fund the "desired standard of living".The comment could ... read more