More equity release money is going on clearing debt, latest figures suggest – PropertyWire

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Equity release market to grow by 28% in 2017. Going forward, Key expects the number of new plans to increase by19% to 33,000 at a value of 2.75 billion – an annual rise of 28%. These figures do not include interest-only mortgage maturities which potentially could increase the market even further. On average, retired homeowner accessed 77,877.

Are Baby Boomers Financial Marketers’ Millennial Secret Weapon? Slowest rise in house prices for four years House prices rise at slowest rate for four years. house prices are increasing at their slowest pace since May 2013, according to an index. Property values lifted by 3.8 per cent year-on-year in March – compared to a 10 per cent increase recorded in March 2016, Halifax said. The average house price across the UK now stands at 219,755.Millennials’ Shifting social media habits financial marketers Can Tap Subscribe Now Get The Financial Brand Newsletter for FREE – Sign Up Now Coming to grips with the massive Millennial demographic is a challenge for many bank and credit union marketers.

Equity release lending drops almost 24%. used the money to go on holiday and 19% used it to help out family or friends, as parents are helping their children to get onto the property ladder or helping them meet their commitments in the current economic climate.. or other commitments are.

THE demand for equity release is likely to continue as debt among older Britons continues to rise inexorably. Credit card debt has hit a six-year high, according to new figures from equity release provider Aviva, while overdrafts are also spiralling. Among the over-55s, credit card debt has hit a post credit-crunch peak of 1,052,

So why all the talk about Social Security “going broke?” That theme filled the news after release of the latest annual report. less subsidized those with more. The other effect was a huge increase.

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The average pinterest employee has $700,000 in equity according to a report which warns of disruption if the I Business Insider India. Hollis Johnson/Business InsiderPinterest founder ben silbermannaccording to a report from advertising media company GroupM, Pinterest has about $1.4.

New figures from Retirement Advantage reveal that a third of equity release customers are unlocking wealth from their properties to clear debts, alongside using the funds to make home improvements.

More equity release money is going on clearing debt, latest figures suggest May 26, 2019 ASG Assisted Property Sales News Retired home owners in the UK are using their housing wealth to clear debts to strengthen their finances, new equity release market figures relating to the first quarter of 2019 suggest.

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Equity Release/Lifetime mortgages are an option that many in this position are turning to. More than 11,000 families are at risk of losing their homes this year after being trapped on interest-only mortgages they cannot afford to repay.. New figures reveal that more than 80,000 interest only mortgages will come to the end of their term in the next 12 months – but more than one in eight of.