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

 · version of The Investment FAQ, part 9 of 20. The web site always has the latest version, including in-line links. Please browse. that the fund is going to go up more in value than the total taxable. needed to invest new money or to cash out investors. The advantage of an index fund is the very low expenses. After all, it doesn’t

Bank of England figures released yesterday show that lending to individuals has risen again – to just over 1,000bn in September, about 21,000 for each adult in the UK. Of this debt, 852bn is.

Homeowners aged 65 and above borrowed more from their credit cards, personal loans and overdrafts last year. This led to a 16 per cent annual rise in unsecured debt for that age group, where the average amount owed per person grew to 1,546 from 1,336 in 2013, according to the latest Pensioner Debt Index produced by the Equity Release Council.

With the expected growth of the company, this high will likely be beaten once more, a trend going since 2012. its late-year sales figures will be bolstered by the holiday spending season alongside.

But average figures. the money to pay the bills when they come in. Start saving early and use a cash isa (individual savings account) for your savings, the interest is tax free, giving the amount.

It should also be considered that equity release will also effect qualification (either already in payment or future claims), for dwp means tested benefits/assistance. equity release advice is a niche specalist area – and many advisers do not have the qualifications and authorisation to advise on such business.

But new Census figures suggest something more complicated might be going on. In the second quarter of 2016, nearly 11 percent of Hawaii’s rentals were vacant, Census estimates show. That’s up from 8 percent at the same time last year (and a far healthier 5 percent in early 2015), and is on par with states with far more affordable housing markets.”

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.

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