Over-65s in London earn £14,000 plus from homes each year

Over-65s in London earn £14,000 plus from homes each year

Over-65s in London earn £14,000 plus from homes each year Source:Mortgage StrategyBy Rebekah Commane 1st June 2018 10:26 am Retired homeowners in London who have owned their home for 27 years have experienced property wealth gains of £394,944 on average, according to a new study. The total increase in property wealth is equal to gains of…

Pensioners earn £7,000 a year from their homes

Pensioners earn £7,000 a year from their homes

Pensioners earn £7,000 a year from their homes The average over-65 homeowner in Great Britain has seen property wealth gains worth £159,000 – the equivalent of £7,000 per year in the 23 years they have owned their home, analysis from Key Retirement has showed. Over-65s in London have been the biggest winners with property prices…

More women than ever using equity release to boost retirement income

More women than ever using equity release to boost retirement income

More women than ever using equity release to boost retirement income Source : Financial reporter 29th May OneFamily data shows that the number of single women taking a lifetime mortgage has increased to one in every three customers (35%) from one in four (23%) just two years ago. Married couples are the most common lifetime…

Nationwide plans to launch retirement interest-only mortgage

Nationwide plans to launch retirement interest-only mortgage

Nationwide plans to launch retirement interest-only mortgage Source: Mortgage Strategy By Leah Milner 22nd May 2018 11:56 am Nationwide has unveiled plans to launch an interest-only mortgage for older borrowers in its annual report today, as profits and net lending both tumbled. The building society’s pre-tax profits for the 12 months to April were down…

Retirement Advantage launches lead generation equity release workshops

Retirement Advantage launches lead generation equity release workshops

Retirement Advantage launches lead generation equity release workshops Source : Mortgage Introducer Retirement income provider Retirement Advantage will launch a series of lead generation training workshops to help equity release advisers grow their businesses and tap into the fast-growing equity release market. The sessions, led by Retirement Advantage’s head of sales Les Pick and specialist…

Responsible lending: advisers need to look out for potentially vulnerable clients

Responsible lending: advisers need to look out for potentially vulnerable clients

Responsible lending: advisers need to look out for potentially vulnerable clients Source Financial Reporter Assessing and defining the needs of vulnerable clients has long been an issue in the financial services industry and remains an important topic today. For advisers in the equity release market, this is as prevalent an issue as ever, making it…