Personal Retirement Planning Ltd

30/06/2023

If you’re thinking about releasing equity from your home, there are many factors to consider, including what will happen to your equity release loan when you die.

When you take out a lifetime mortgage, there is no obligation to make any repayments until you go into long term care or pass away. In this article we explain how your equity release loan is repaid when you die.

👉 https://www.personalretirementplanningltd.co.uk/how-does-equity-release-work-when-you-die/

If you’re thinking about releasing equity from your home, there are many factors to consider, including what will happen to your equity release loan when

26/06/2023

Another satisfied client at Personal Retirement Planning 🙌

Thank you so much!

16/06/2023

Over the last few years there has been an increase in the number of people applying for a Lasting Power of Attorney 📈

That trend goes hand in hand with the increased appetite for retirement planning advice and products such as equity release lifetime mortgages 🏡

People want to live a comfortable lifestyle during retirement and more and more people are seeking legal and financial advice to help them achieve this.

Check out our article where we explain the importance of having a Lasting Power of Attorney 👇

Over the last few years there has been an increase in the number of people applying for a Lasting Power of Attorney. That trend goes hand in hand with the increased appetite for retirement planning advice and products such as equity release lifetime mortgages.

05/06/2023

Personal Retirement Planning is a Finalist in the Investment Life & Pensions Moneyfacts Awards 2023 🙌

We’ve been shortlisted for ‘Equity Release Adviser of the Year’ 🥳

02/06/2023

£7.1 billion

☝️ That’s how much brits paid in inheritance tax (IHT) for the 2022/23 tax year

And their biggest asset?

Their homes of course 🏡

Property values have soared whilst the IHT threshold remains frozen

As a result more and more families are liable to pay IHT on their estate

Equity release offers one solution to this problem by enabling homeowners to:

- Gift a living inheritance
- Use property wealth to make the most of retirement
- Reduce the value of their estate

01/06/2023

If you’re thinking about taking out equity release, or you already have an equity release plan, you may be wondering whether you can move house or whether you would have to remain in your current home throughout retirement 🏡

All lifetime mortgage plans that are approved by the Equity Release Council enable borrowers to move home if they wish to.

Although, there are several factors to consider before you begin house hunting! 👉 https://www.personalretirementplanningltd.co.uk/can-equity-release-be-transferred-to-another-property/

If you’re thinking about taking out equity release, or you already have an equity release plan, you may be wondering whether you can move house or whether

24/05/2023

There are endless reasons why older homeowners might tap into some of their property wealth 💰

Ultimately, if they release equity they can spend the money however they like.

But in our opinion, one of the best uses of equity release is to fund care at home 🏡

The ability for people to continue living in their own home throughout retirement is invaluable. For many people, their home holds a lot of sentimental significance and having to sell it to downsize or move into a care home would be devastating.

19/05/2023

The number of voluntary partial repayments made by equity release customers rose by 48% in 2022 compared to the year before 📈

90,000 people took advantage of the penalty-free repayments in 2022, reducing their loans by a combined £102m and cutting their future interest costs by £116m 💰

The ability to make voluntary penalty-free part repayments enables customers to reduce their interest costs and preserve more of their property wealth to pass on in inheritance 🏡

15/05/2023

There is a lot of misunderstanding around equity release and how it works.

Did you know that if you release equity from your property, you can spend it however you like!

Here are some of the most popular reasons why people unlock cash tied up in their home:
To make home improvements 🏠
To clear credit cards and loans 💳
To help children and grandchildren get onto the property ladder 🏘️
To replace an interest-only mortgage that is coming to an end ⏳

11/05/2023

70% of homeowners over 45 have no intention to downsize in the future 🏡

They consider their property to be their forever home and want to continue living there throughout retirement.

If fewer people are downsizing in later life, equity release will become a more attractive option to people who need to raise funds.

10/05/2023

Just one in five (19%) wealthier homeowners believe that their property will *not* play a role in their retirement or inheritance plans, according to new research 💰

19% of people plan to access their equity if they need it
15% will look to downsize to boost retirement assets
4% are already planning to access the equity in the homes

With these figures in mind, specialist advice is essential to supporting older homeowners and ensuring they are well informed to make suitable decisions for their circumstances.

09/05/2023

We recently received this lovely gift from a happy equity release customer 🙌