Evergreen Equity Release Solutions

17/05/2023

https://bestadvice.co.uk/equity-release-now-central-financial-tool-for-over-55s/

Wealthier borrowers are twice as likely to gift the proceeds of equity release.

21/04/2023

https://townandaround.net/previous-issue/May-2023/mobile/index.html

Town & Around - May 2023

23/03/2023

The April issue is online at www.townandaround.net and 14,000 copies will be available from Tuesday. Lots of news, stories and events.

26/04/2022

May issue is online...
https://townandaround.net/previous-issue/May-2022/mobile/index.html

26/04/2022

https://bestadvice.co.uk/record-figures-for-the-equity-release-market/

The Equity Release Council has revealed that the number of new and returning equity release customers reached a new quarterly high of 23,395 between January and March this year.

29/03/2021

17/03/2021

Q) You have heard about Equity Release, but don't understand what it is.
A) STAY LOCAL and let us explain it to you in a simple and easily understood way.

Q) You have heard stories about Equity Release which make you nervous.
A) STAY LOCAL and let Professional's explain it to you, rather than listening to people who don't really understand Equity Release themselves.

Q) You don't want to sell your house to the Bank.
A) STAY LOCAL and let us explain why this will not be the case, and that you retain ownership of your property.

Q) I'm afraid of getting involved with discussing Equity Release by myself.
A) STAY LOCAL and bring a "trusted friend" with you during the meetings. A trusted friend can be a family member if preferred.

Q) I understand about Equity Release but don't want my family to know that I'm doing it.
A). STAY LOCAL, and use a local Solicitor who will be fully informed of the advice being offered. Although it is always suggested that you may like to inform your family, that decision is entirely yours to make.

An appointment, either via telephone or in our offices (which follow Govt guidelines on social distancing) is free. If we don't think that Equity Release is correct for you, we will tell you.
We understand that some people have concerns, but in our experience this is usually down to them not being in possession of the correct information.
You could be missing out on a great way to improve your lifestyle, just because you are not in possession of the full facts.

Call me on 01553 692800. You will be under no obligation and our discussion will be completely free and confidential.

I look forward to hearing from you.

James Batchelor.
Principal.

03/02/2021

Equity release rates fall to record lows as product choice increases.

The average equity release rate has fallen to a record low while the volume of options available to consumers has reached a new high, according to the latest figures from Moneyfacts.

The average rate across lifetime mortgages has dropped below 4% for the first time on Moneyfacts records, with lenders keen to meet demand.
Additionally, product choice has expanded to an all-time high with 488 options, up from just 62 five years ago.

The impact of the coronavirus pandemic on the lives of consumers may have spurred some to seriously consider a lifetime mortgage, either to help fund their retirement or even to provide an early inheritance for their family members who may be struggling.

A retirement shortfall may well be a cause for consumers to consider a lifetime mortgage and according to analysis by the Equity Release Council, the proportion of homeowners aged 55+ who are worried about running out of money in retirement has increased to over a third (34%), up from 27% a year prior. That said, it is crucial the right steps are made to create an appropriate plan of action to combat any shortfall in retirement and there are other options to equity release to consider.

Call us on 01553 692800.

08/12/2020

Are you over the age 55 with an interest only mortgage?

Is the term of your mortgage coming to an end?

Has your Lender contacted you regarding the repayment of your mortgage?

Are your confused as to what you should do next?

We are available to help on 01553 629800.

www.evergreenequity.co.uk

12/08/2020

The Covid-19 crisis could see an increase in equity release by the 'Sandwich Generation' to facilitate intergenerational financial support.

According to research from OneFamily, 20% of those considering equity release say that the pandemic’s impact on their broader family’s finances has meant that they’re more likely to take out the product.

An ONS report in 2019 suggested that as many as 3% of the UK’s general population – 1.3 million people – are emotionally and financially supporting both their parents and their stay at home children.

An Opinium survey from April 2020 found that 16% of over-55s who have used equity release did so to help family members.

42% of people would rather pass money onto their family whilst they’re alive to help them out

Paul Bridgwater, OneFamily’s head of lending proposition, said: This is not a problem that’s going to go away on its own. The Sandwich Generation are caught in the middle, caring for a generation either side of them whilst some of them are also trying to juggle their own work alongside their busy lives".

Equity release is an example of how a not insubstantial group of people could benefit from being given good advice that would help to relieve the pressure on their lives.

With the right product they could free up wealth in their own property to find that deposit for their children’s first home and help them with some much-needed financial support. Equally, equity release could be a solution to enable greater care support to their parents and give the Sandwich Generation a much-needed break.

Equity release isn’t right for everyone, but clearly there are some important social needs that could be met with careful, focused wealth planning.