Threadneedle uk equity income

Savings expert Martin Lewis explains equity release schemes Get pensions news and advice plus latest money alerts for FREE now SUBSCRIBE Invalid email We use your sign-up to provide content in ways you've consented to and to improve our understanding of you. This may include adverts from us and 3rd parties based on our understanding. You can unsubscribe at any time. More info Mortgage holders are likely to be met by a so-called “interest-only mortgage crunch” which could leave Britons in a bind, according to new research. The study, undertaken by OneFamily, surveyed 2000 people to gain further insight into mortgage arrangements. It revealed 28 percent of mortgage holders aged 55 or over currently possess an interest-only mortgage. Trending READ MORE Mortgage UK: One thing every homeowner should check With 40 percent of this group set to finish their term in the next five years, complications are likely to … [Read more...] about Mortgage UK: Over 55s may be forced to turn to equity release to pay off debt

Savings expert Martin Lewis explains equity release schemes Get pensions news and advice plus latest money alerts for FREE now SUBSCRIBE Invalid email We use your sign-up to provide content in ways you've consented to and to improve our understanding of you. This may include adverts from us and 3rd parties based on our understanding. You can unsubscribe at any time. More info Equity release is available through a range of products which enable people to take money out of their property. This can either be done through accessing the money as a lump sum, or through several smaller amounts. Equity release has proved popular amid the lockdown crisis as many seek to access extra cash. Trending READ MORE Mortgage UK: Over 55s may be forced to turn to equity release Huge swathes of the country are facing financial difficulties, and thus, getting hands on additional money could prove particularly helpful. Equity … [Read more...] about Considering equity release? These are the essential steps to bear in mind for success

Savings expert Martin Lewis explains equity release schemes Get pensions news and advice plus latest money alerts for FREE now SUBSCRIBE Invalid email We use your sign-up to provide content in ways you've consented to and to improve our understanding of you. This may include adverts from us and 3rd parties based on our understanding. You can unsubscribe at any time. More info Equity release has two sides it is worth considering; home reversion and lifetime mortgages. Home reversion involves selling some or all of a property, but allowing Britons to live in the home rent-free for some or all of their life - this is often seen as the only way to take money from a property. Alternatively, a lifetime mortgage could be sensible, as it is similar to a normal mortgage. Trending READ MORE Equity release: The four important points to consider for over 55s People can release money, continue to live in the property and … [Read more...] about Equity release may impact Pension Credit, Council Tax Discount and Universal Credit

Equity release: Record numbers of over-55s are being preyed on (Image: GETTY) Get pensions news and advice plus latest money alerts for FREE now SUBSCRIBE Invalid email We use your sign-up to provide content in ways you've consented to and to improve our understanding of you. This may include adverts from us and 3rd parties based on our understanding. You can unsubscribe at any time. More info Homeowners are being duped into handing over sensitive personal information, only for their details to be sold on to a third party for up to £100 a go, Money Mail has discovered. Unsuspecting victims are then being bombarded with phone calls and emails from salesmen trying to convince them to take out an equity release deal through the adviser who paid for their details. Some firms are also charging customers directly through a commission on the amount they end up borrowing, sometimes in addition to other fees. The deception begins once an oblivious homeowner access a … [Read more...] about Equity release WARNING: Record numbers preyed on by rogue traders – DON’T get caught out

Martin Lewis explains ‘danger’ of 15% mortgage deposits Get pensions news and advice plus latest money alerts for FREE now SUBSCRIBE Invalid email We use your sign-up to provide content in ways you've consented to and to improve our understanding of you. This may include adverts from us and 3rd parties based on our understanding. You can unsubscribe at any time. More info Mortgage holders have a number of options available to them for what they can do with their properties. One of the more substantial actions that can be made is to utilise equity release. Trending READ MORE Citizens advice warn of council tax “D-Day”: Bailiffs to chase debt... Equity release generally refers to a range of products that a homeowner can use to access cash ties up in their home, so long as they’re older than 55. The money taken can be released as a lump sum or paid out in smaller increments. As it stands, there are two … [Read more...] about Mortgage equity release: ‘Significant concern’ over advice given to some homeowners

Martin Lewis discusses getting a new mortgage deal Get pensions news and advice plus latest money alerts for FREE now SUBSCRIBE Invalid email We use your sign-up to provide content in ways you've consented to and to improve our understanding of you. This may include adverts from us and 3rd parties based on our understanding. You can unsubscribe at any time. More info Many pensioners have become concerned about their pension payments as the coronavirus pandemic impacts their finances. With the lockdown and the global infection, many companies have been forced to stop paying dividends prompting many to feel anxious about the health and future of their pensions. But what is an equity release and how could this provide you with more income? Trending What is equity release? For those aged over 55 and struggling to find money at this moment, an equity release can provide a much-needed injection of cash. An equity release is an … [Read more...] about Pension: What does equity release mean and how could it give you more money?

Martin Lewis compares paying mortgage over investing in savings Get pensions news and advice plus latest money alerts for FREE now SUBSCRIBE Invalid email We use your sign-up to provide content in ways you've consented to and to improve our understanding of you. This may include adverts from us and 3rd parties based on our understanding. You can unsubscribe at any time. More info Mortgage holders who are at least 55 years of age have the option of utilising a range of financial products which will let them release the equity (cash) tied up in their home. This money can be received as a lump sum or in separate payments. Trending READ MORE Mortgage holders to face a ‘very challenging period’ Equity releases can be expensive however and there can also be other long-term negative repercussions. As such, it may not be the best option for some mortgage holders but new research reveals that may not be factored in … [Read more...] about Mortgage: Equity release rates drop as demand rises – ‘no signs of easing’ as the UK ages

Borrowers may use the Equity Release funds for any purpose they like [FILE PIC] (Image: Westend61/Getty Images) Get pensions news and advice plus latest money alerts for FREE now SUBSCRIBE Invalid email We use your sign-up to provide content in ways you've consented to and to improve our understanding of you. This may include adverts from us and 3rd parties based on our understanding. You can unsubscribe at any time. More info Don’t limit yourself to applying to one lender, shop around for quotes and use a broker. The Financial Conduct Authority actively encourages this. Credit ‘scoring’ does not happen in Equity Release, only credit ‘checking.’ The market currently has over 230 plans of available from 9 lenders, so it’s vital to seek independent financial advice. Most crucially, your chosen adviser must be a member of the Equity Release Council and you can check this by visiting the Council’s website; … [Read more...] about EQUITY RELEASE: Give your application the best chance with this essential guide

Families suffered their longest-ever squeeze on disposable incomes even before Vladimir Putin’s invasion of Ukraine compounded the shock by sending energy bills soaring. Disposable incomes unexpectedly slipped 0.2pc in real terms during the first three months of 2022, falling for a record fourth consecutive quarter, according to the Office for National Statistics. Economists had expected a rise and incomes are down 1.3pc compared to a year earlier with much worse to come. The figures indicate that households had a smaller buffer to cope with the looming bigger income shocks caused by the war in Ukraine, stoking recession fears. Incomes are being squeezed by wages failing to keep pace with inflation, which hit a 40-year high of 9.1pc in May. However, households are not yet reducing the rate of saving to cushion the shock to incomes , official figures showed. The household saving ratio - how much disposable income is being saved - was unchanged at 6.8pc in the first … [Read more...] about Household incomes suffer longest fall on record – and worse is to come

Martin Lewis on mortgage rates rising Get pensions news and advice plus latest money alerts for FREE now SUBSCRIBE Invalid email We use your sign-up to provide content in ways you've consented to and to improve our understanding of you. This may include adverts from us and 3rd parties based on our understanding. You can unsubscribe at any time. More info Mortgage payments often involve households having to use a significant portion of their income to go towards meeting the cost, meaning reduced money to work with throughout the month. In fact, many households across the country are struggling with what is commonly known as mortgage poverty. Mortgage poverty or being ‘house poor’ is a household which spends a large proportion of their total income on progressing towards home ownership. Trending READ MORE Mortgage UK: Approvals slump in bad news for buyers And recent research has shown many are struggling to … [Read more...] about Mortgage UK: One thing every homeowner should check – it could save you £4,500 a year