My Blog

Equity Release grows a staggering 58% in a year

19th May 2017

In the first three months of 2017, 8,604 equity release plans were sold - 58% up from the 5,447 sold in the same period in 2016. The value of these plans was also up - from £414 million to £633 million - a 53% jump. In this post Kevin outlines the huge growth in both equity release plans and their value since this time last year.

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Equity Release Council announces record-breaking year

17th March 2017

2016 was a record-breaking year for equity releases, the Equity Release Council has announced. The second half of the year saw £1.24bn worth of equity unlocked, up 37% on the first half of the year, and significantly higher than the £898m totalled in the second half of 2015.

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“Bungalow crisis” - Shortfall in specialist senior housing

27th February 2017

The International Longevity Centre UK recently published research that concludes that there is currently only sufficient specialist accommodation for 5% of the over-65s. Great Britain is facing a bungalow crisis, as single-storey properties are selling for hugely inflate prices in comparison with multi-storey.

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House price rises significantly outpace other income streams

5th January 2017

New research from the Equity Release Council shows that, over the past 20 years, house prices in England have risen at over twice the rate of pensioner households’ disposable assets, significantly outdoing other retirement income, such as the state pensions, investments and occupational pensions.

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Annual equity release lending is set to top £2bn for the first time

15th December 2016

It’s been a phenomenal and exciting year for the marketplace, says Kevin Woods

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The changing face of Equity Release

5th December 2016

Customers are utilising the empowering nature of Equity Release for interestingly different reasons as the years go by, says Kevin Woods.

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The Brexit effect? Lifetime mortgage interest rates at record low

26th October 2016

People have been looking out for significant financial changes in the wake of Brexit - now Legal & General offers one of the first clear examples.

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Expert reaction to Housing Minister’s comments highlights the flexibility that Equity Release offers

18th October 2016

Housing minister Gavin Barwell’s comments at the Conservative party conference that homeowners should skip a generation and leave their wealth to grandchildren has been challenged by figures in the finance sector, including Dean Mirfin, technical director at Key Retirement, and Nigel Waterson, chairman of the Equity Release Council.

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Low UK savings, increased longevity, soaring house prices: can Equity Release be the solution?

23rd June 2016

A recent survey shows that UK families have savings of an average of only £3,150. This varies across the country - from £10,000 in London to £1,833 in Humberside and Yorkshire. And 50% of adults have no savings at all.

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OneFamily a very welcome addition to the market

25th May 2016

People in the market for equity release have a wide variety of needs or desires. I have recently helped a 57-year-old customer release some equity to fulfil a mortgage shortfall, as well as a couple in their 80s do the same, but to fund the trip of a lifetime. Given this spectrum of circumstances and objectives, when it comes to financial matters, flexibility is extremely important.

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Equity Release officially more popular than ever

27th April 2016

Figures just made public reveal record first quarter results for 2016, with £393.9m worth of equity release lending spread among more than 5,000 plans – 21% up on the same period last year.

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New office + new PA = better service for you

7th April 2016

Kevin Woods working at his desk

Equity release is becoming more and more popular, and my business in Hampshire is growing so fast, so I have taken on a new office and some administrative help to allow me to maintain my focus on delivering the best possible service and advice for my customers.

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Kevin Woods working at his desk

Equity Release: the up-side alternative to downsizing

29th January 2016

Downsizing has its merits, and is an option I always consider during my initial conversations with prospective clients. But, as one couple found out, it does have its limitations.

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Why released equity is being used for many different property funding needs

19th January 2016

Equity release is increasingly described as retirement lending: the products themselves are evolving, as are clients’ reasons for choosing to unlock these assets.

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Pension income, then equity release: is this the future of retirement funding?

7th January 2016

Is retirement funding becoming a two-phase process (especially in light of the pension freedoms), where retirees use their pension savings first, and then utilise equity release to cover any subsequent shortfalls?

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Pros and cons of the downsizing alternative to equity release

4th January 2016

Home owners considering downsizing should certainly be aware of stamp duty, legal, removal and estate agency fees, as well as the emotional cost of moving away from the family home, neighbours, friends and familiar local services.

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The force is strong with house prices

23rd December 2015

Star Wars may be one of the most popular movie franchises in history – but I think that even that success pales in comparison with the 2519% growth in property value since 1977.

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Are you underestimating your property wealth by £90,000?

4th December 2015

Recent research shows that many homeowners have not had their property valued since they first bought it and do not appreciate its true worth, says Kevin Woods.

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Adapting your home so that you can stay in it for life

23rd November 2015

Many people are living in homes that will not be safe or practical for them in later life, but Equity Release can fund the necessary enhancements, says Kevin Woods.

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Careful financial planning in retirement has never been more important

5th November 2015

A recent survey of UK 50 to 75-year-olds reveals a variety of retirement expectations and some confusion in how to fulfil them, says Kevin Woods.

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Largest quarterly rise in Equity Release for 11 years

27th October 2015

More and more over 55s are recognising the logic in utilising their property value to boost retirement income and pay for later life expenses, says Kevin Woods.

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Client threatened with repossession; we found the solution

19th October 2015

If you are faced with a mortgage company at the end of your interest-only term, a Lifetime Mortgage can give you complete peace of mind, says Kevin Woods.

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Property price rises good news for Equity Release customers

6th October 2015

With London prices increasing by over 10% in 12 months, for example, there’s never been a better time for Equity Release, says Kevin Woods.

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Lower interest rates good news for Equity Release customers

2nd October 2015

With modest growth prospects and static interest rates, there’s never been a better time to consider Equity Release, says Kevin Woods.

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EXCITING NEWS: repay early without penalty!

30th September 2015

30th September 2015 sees a new lifetime mortgage product that lets you repay 10% each year without charge, says Kevin Woods.

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Are your children struggling to get onto the property ladder?

28th September 2015

Equity Release can help you support the prospective first-time buyers in your family, says Kevin Woods.

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Don’t have sleepless nights when there’s no need

9th September 2015

Many older people worry about paying bills, says Kevin Woods, whilst they have an average of £241,000 tied up their property. Recent research by the Equity Release Council (ERC) has shown that many older people face sleepless nights over their ability to pay bills, when all the while they are sitting on a potential housing goldmine.

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Why it’s vital to get professional Equity Release advice

12th August 2015

Kevin Woods puts the record straight on recent dialogue about early repayment charges (ERCs)

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Remembering the uses for Equity Release is CHILD’s play

11th August 2015

My clients often tell me that there are so many ways that they can benefit from equity release, that they struggle to remember them all.

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Q2 2015: Equity Release at an All-Time High

5th August 2015

£384.3m lending is largest since records began in 2002, despite perceived “competition” from new pensions freedoms

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Why not get in touch and see how we can help?

Equity release is the answer to so many financial questions. If you would like to know more about it, and see if it could be the right move for you, please book an appointment or request a call-back