Mortgage News

Retirees urged to consider renting in retirement rather than take equity release

Should I spend £20k of savings on an annuity? – Annuities, like other forms of pension income, are generally subject to income tax so you should bear that in mind if you are trying to work out how much income you will have in retirement. regular.

Your Complete Guide to Downsizing for Retirement: 14 Tips. – It may be cheaper for you to rent and renting keeps all of your home equity available for monthly cash flow. 6. Make Downsizing Part of Your Overall retirement plan. housing is one of the biggest levers you have for achieving a secure retirement. For most people, their home is more valuable than their retirement savings.

Just 4% of people would consider equity release. – Just 4 per cent of people would consider equity release in retirement, despite recognising the "huge untapped potential" in their current home, research by Retirement Advantage has revealed.

Significant increase in the number of older renters. – "Renting avoids this and gives people access to all the capital in their house, rather than spending some of it buying a new home. Many baby boomers are sitting on a lot of equity because of rising property prices over the past twenty years and want access to it now so they can really make the most out of their retirement."

To reform the credit card industry, start with credit scores What Is a Good Credit Score? | Experian – A good credit score could also mean that you are able to rent the apartment you want, or even get cell phone service that you need. Think of your credit scores like a report card that you might review at the end of a school term, but instead of letter grades, your activity ends up within a scoring range.

What would YOU do with a £25,000 windfall? Just one in 20 would save it into a pension – fewer than answered ‘don’t know’ – The calculation related to the 5 years to the end of December 2017, was net of fees, and based on the performance of a global equity tracker giving broad. so more people can achieve a comfortable.

How Retirees Can Prove Their Income for Renting | Retirement. – As baby boomers downsize, a small but growing number of them are choosing to rent rather than buy a home. The number of Americans between ages 50 and 74 who rent has increased by several.

I feel we should put aside more’ 37 Movies Every Man Over 40 Should Be Able to Quote | Best Life – For guys, movie quotes help us say the things we want to say but don’t always feel comfortable saying in our own voices. We use movie quotes as a shorthand for communication. We’ll say things to each other in Goodfellas quotes or Caddyshack quotes to express emotions or feelings that they won’t-or can’t-otherwise say out loud.

Almost 2m retirees cashing in on home to fund retirement. – Almost 2m retirees cashing in on home to fund retirement – Northwood. Over a quarter (28%) of working homeowners over the age of 50 (about 1.9m people) plan to access the equity in their home to help fund their retirement, according to retirement specialist LV=, dubbing them the HIPpies (home is pension) generation.

Charleston-area home showings plunge again in April for 9th consecutive month Post and Courier wins prestigious APME First Amendment award for series on police tracking methods – The Post and Courier’s "Watched" series chronicling police surveillance tactics has won the grand prize for work advancing the principles of the First Amendment in the the 2017 Associated Press Media.Weak pound has ripple effect on house prices Weak pound has ripple effect on house prices – The Times – The average house price last month was 220,260. Annual house price inflation slowed further to 5.7 per cent, compared with 10 per cent in March last year and 6.5 per cent in December, it said.

Alternatives to equity release – Saga – Deciding whether equity release is right for you? Find out more. Help from your family. You could talk to family members about your options; although this might not be the easiest subject to broach, they may prefer to lend or give you money rather than have you take out an equity release plan, which could end up eating into their eventual.

Bradenton-Sarasota foreclosure rate continues to fall Foreclosure rate falls in Sarasota-Bradenton | Business. – The foreclosure rate for North Port-Sarasota-Bradenton decreased significantly in December over the same period from 2013, according to a new report. The report, from Irvine, calif.-based real estate data firm corelogic, shows the rate of North Port-Sarasota-Bradenton area foreclosures among outstanding mortgage loans was 3.08% for December 2014.

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