Demand for coastal living has seen house prices in Britain’s seaside towns rise 10% over the year as homeowners change their lifestyle.
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Category Archives: Equity Release Mortgage
The competitive equity release market has seen over 100 products on the market as providers launch new features to attract customers.
The pandemic lockdown restricts the amount of equity released from properties in 2020 even though interest rates fall to record lows.
Pent-up demand for equity release and falling interest rates has seen a recovery in plans taken out after slowdown during the first lockdown.
Interest rates for equity release products drop to record lows as uncertainty continues over the Coronavirus economic impact.
Older homeowners are expecting an £18,000 shortfall for their retirement income with equity release offering untapped potential.
Homeowners have access to double the number of retirement interest only mortgages as more providers offer products.
Saving for getting on the property ladder is difficult as it takes up to 15 years in London to build up a 20% deposit without family help.
The average house price has increased 207% in the UK since the start of the century outstripped by first time buyer homes rising 264%.
A third of Britons do not save any money and the majority of property wealth is owned by older people near or at retirement.