St James s Place joins Equity Release Council mortgagestrategy.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from mortgagestrategy.co.uk Daily Mail and Mail on Sunday newspapers.
SJP joins Equity Release Council professionaladviser.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from professionaladviser.com Daily Mail and Mail on Sunday newspapers.
The pandemic has led to a savings boom, but many mortgage experts suggest that, because wealthier households are the main beneficiaries, this is unlikely to help a lot more first-time buyers onto the property ladder. Numerous studies have pointed to households having put away well over £100bn in excess deposits
Truth: Yes, you can. But the longer you leave it, the less money you will have.
Myth: Money can’t buy happiness.
Truth: Okay. This is a bit contentious, but I suspect that thousands of readers would be interested to see if they could handle a major Lottery win without sinking into deep despair.
It’s fair to say that one area of consumer finance that has suffered from repeated misinterpretation is equity release.
Despite its burgeoning popularity among homeowners aged 55 and above, the equity release process is misunderstood by a surprisingly large number of people who comment upon and write about it. As a consequence, the process has become mired in ambiguous commentary and erroneous interpretations that can confuse consumers. Here are a few such examples.