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News from SAGA on new Equity Release product

News from SAGA on new Equity Release product

A new equity release product from Saga has been announced. The new deal will allow cash sums to be withdrawn monthly against the value of your home.

16 October 2018

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Equity Release market sees great change

Equity Release market sees great change

The Equity Release Council's Autumn report shows that the sector has grown substantially since 2016. Numbers of products and numbers of customers are on the increase and lending levels reached the £3bn mark in 2017.

15 October 2018

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Financial Services Expo Midlands seminar line-up

Financial Services Expo Midlands seminar line-up

The line-up for FSE Midlands has been confirmed, and includes both the Chairman and CEO of the Equity Release Council who will chair and take part in the debate "Tackling care and capacity with housing wealth"

15 October 2018

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ER Council CEO Jim Boyd writes on social care funding

ER Council CEO Jim Boyd writes on social care funding

The vital issue of social care funding is discussed by CEO of the Equity Release Council Jim Boyd. At the latest gathering this summer of Council members and partners, the question of social care funding was discussed and options on later life funding, and how best to educate the consuemer on these, were debated.

4 October 2018

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Could you save thousands by paying off your mortgage early?

Could you save thousands by paying off your mortgage early?

*Article behind paywall* Many people are missing out on the opportunity to pay off their mortgage early and save themselves thousands of pounds in the process. Interest rates are on the rise after many years of very low rates.

2 October 2018

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Legal & General launch RIO deals

Legal & General launch RIO deals

Legal & General have announced that they will be offering new RIO mortgages to those of retirement age. The new deals will be available from the early part of 2019.

2 October 2018

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Drawdown option - news from more2life

Drawdown option - news from more2life

News for homeowners aged 55 and over from more2life, who are now offering a drawdown option to their Capital Choice Plan. The minimum amount allowed to be taken out is now £2,000

1 October 2018

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Interest rates for Equity Release

Interest rates for Equity Release

Prices have fallen in the equity release sector, and interest rates are now more competitive thanks for many more providers entering the market.

1 October 2018

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Support from Government for Equity Release

Support from Government for Equity Release

The new Single Financial Guidance Body will signpost Equity Release to the over 55s who consider home finance options, on the recommendation of the Housing, Communities and Local Government Select Committee.

28 September 2018

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Equity Release loans sold to Rothesay Life

Equity Release loans sold to Rothesay Life

Rothesay Life have purchased a portfolio of loans from UKAR worth £860M. UKAR is the holding company of NRAM (formerly Northern Rock) and Bradford & Bingley.

27 September 2018

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