Nearly two million retirees cashing in on home value
Over a quarter (28%) of working homeowners over 50 (1.9 million 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.
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Early advice crucial to help retirees understand housing equity options
Homeowners preparing for retirement are more open to professional advice on equity release than those already retired, latest research into home equity withdrawal commissioned by Just Retirement suggests.
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‘Can’t buy, won’t sell’ – UK generation divide causing housing stagnation in 2012
The generational divide in the UK property market is likely to cause housing stagnation in 2012, with young people unable to buy and older homeowners unwilling to sell, according to a new survey by mortgage lender HSBC.
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Over 60s sitting on £841 billion housing equity
With two thirds of homeowners over 60 getting by on under £10,000 a year, Norwich Union data reveals that they now have over £841 billion or an average of £82,446 each, tied up in bricks and mortar.
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House price growth remains stable across most of the UK, although prices in London are increasing and prices in Northern Ireland are falling.
New evidence supports Yorkshire Building Society’s findings that more borrowers are choosing to fix their mortgage for the longer term as economic conditions remain uncertain.
Latest research from Halifax shows the ability of key public sector workers to purchase their own home continues to improve and is approaching the level achieved ten years ago before the house price boom.
Research commissioned by specialist buy-to-let lender Paragon Mortgages, has shown a significant regional shift in the rental yields achieved by landlords.
