Hoskin Later Life Planning - Barnstaple

11/09/2025

Half of UK households expect to require housing wealth to fund their desired later life living standards but report calls for urgent action to break down barriers.

Fairer Finance’s report calls for urgent action from government and the Financial \Conduct Authority to break down the barriers that prevent older homeowners from accessing the equity in their homes, and to integrate housing wealth into mainstream retirement planning alongside pensions.

The report, commissioned by the Equity Release Council, considers how later life lending can support more consumers in retirement and the barriers to unlocking housing wealth through downsizing.

Half of UK households (51%) are expected to require housing wealth to support their spending needs in later life and retirement – unlocking over £23 billion, in today’s prices, each year by 2040 - according to new modelling by Fairer Finance. The independent consumer group also forecasts that this shift could deliver a £21 billion boost to the UK economy each year.

I am a Later Life Lending Advice and Equity Release Specialist providing advice all over the UK with nearly two decades of award winning service.

Half of UK households expect to require housing wealth to fund their desired later life living standards.

16/05/2025

Joy Harrison

We're proud of the customer outcomes that are achieved with a Horizon lifetime mortgage and it's an honour to hear the positive impact equity release is havi...

15/05/2025

It's always a honour to hear the positive impact equity release is having on my customer's lives. But don't just take my word for it! This is a lovely clip from Standard life featuring three customers describing the fabulous and life changing outcomes that they have been able to achieve.

We're proud of the customer outcomes that are achieved with a Horizon lifetime mortgage and it's an honour to hear the positive impact equity release is havi...

11/12/2024

What are the current UK mortgage interest rates?
(Figures from Rightmove)

26/11/2024

I am very proud that, based on feedback from my customers, I have qualified for the 2025 Top Rated Adviser Guide featured in The Times and Telegraph.

06/11/2024

Completed another complex case requiring in depth support and an application using power of attorney so I am very proud to receive another 5 star review from the happy customer!

Read what clients have written about Joy Harrison of Hoskin Financial Planning - One of our Financial Advisers in Barnstaple

31/10/2024

Following yesterday's budget, here are the main take homes for the finance sector:

1. Stamp Duty on second homes set to increase tomorrow from 3% to 5%
2. CGT rates increase to 18% and 24% for lower and higher rate taxpayers
3. The Inheritance Tax threshold freeze is to continue
4. From April 2027 inherited pensions will be brought into Inheritance Tax
5. From April 2026 a combined £1m of agricultural and business assets will pay no inheritance tax but for all assets over £1m will apply but will attract 50% relief
Tax
6. Vat to be charged on private school fees from January 2025 and business rates relief to be removed

Some of these changes will impact many people and may indeed encourage older clients to contact us.

The picture shows the reaction of the Gilt market to yesterday's budget. The 15 year Gilt Yield jumped up 0.15%.

Lifetime mortgage funders are looking for a long-term, low-risk return that is better than fixed interest investments such as Gilts. This is why I regularly monitor the 15 Year Gilt Yield as it gives a good guide to what is coming.

If yields remain at this higher level we will see Lifetime Mortgage lenders increasing their rates.

23/10/2024

I recently completed a release for a particularly complex case where there were historic issues with the property deeds which needed resolving so I am very proud to receive a 5 star review from the happy customer!

Read what clients have written about Joy Harrison of Hoskin Financial Planning - One of our Financial Advisers in Barnstaple

23/10/2024

It’s fantastic to see the age 55+ lending market on the rise again! Exciting times ahead as we continue to help clients navigate all of their different later life lending options.

The Equity Release Council has released its latest quarterly market data report for Q3 2024, which shows that new plans agreed and total lending rose for a second successive quarter for the first time in two years.

David Burrowes, Chair of the Equity Release Council commented on the report. "Returning growth may have been modest to date, but it’s particularly encouraging to see the trend continue during the transition period sandwiched between the arrival of a new Government in early July and its first Budget statement later this month.

“Behind these improving numbers are reports from both advisers and providers alike that consumer confidence is steadily returning. That may not translate into an uninterrupted upward trajectory from here, but we know there are many households who have decided that releasing equity is right for them and are now focused on ensuring the timing is also right."

Equity release market grows for two successive quarters...

07/08/2024

Equity release customer numbers rose by 12 per cent in the second quarter of the year driving an increase in lending, data from the Equity Release Council has revealed. "There is a long way to go to unlock the market’s full potential, but there are reassuring signs in these figures that we are turning the corner and acclimatising to this unfamiliar interest rate environment after years of rock-bottom rates." Chair David Burrowes comments on our latest quarterly data in FT Adviser.

Equity release customer numbers rose by 12 per cent in the second quarter of the year driving an increase in lending, data from the Equity Release Council has revealed.