Articles tagged "Equity release"
Monday, June 2nd, 2014
One of the favourite sound bites from the recent pension reforms in the Budget was Pensions Minister Stephen Webb deciding a “Lamborghini” might be the vehicle pensioners choose to buy with their new-found financial freedom in old age. The scaremongers piled in, predicting pension Armageddon – but the consensus seems to be that those who’ve […]
Thursday, April 21st, 2011
Releasing equity from your property has its risks: many homeowners are often marketed this option as an easy way to put cash in their bank account, yet for many, it is the most expensive way to do that. The Financial Services Authority (FSA) is also worried about products that are marketed as no cost or […]
Monday, April 18th, 2011
I have had an adviser telling me to release equity from my property but I am concerned about it as the salesman was pretty pushy. I also know that David Blunkett was telling people to release equity and thinks it’s a good idea. I did read the report and I have to say I nearly […]
Tags: Equity release
Thursday, April 14th, 2011
When ‘no cost’ equity release could cost you your home. The Financial Services Authority (FSA) has advised consumers to be cautious about equity release products that claim to offer a ‘no cost’ way of using property to generate an income. They warn that they could be risking their homes. The regulator specifically mentioned a plan […]
Wednesday, July 21st, 2010
We are reviewing the advice given in relation to Close Brothers’ property wealth manager: With the Close Brothers’ property wealth manager arrangement you sell your house to the company who then lease it back to you. For your sale you do not receive cash just an investment into a load of other properties at pretty […]
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