It may actually make more financial sense for older people to rent rather than withdraw equity from their properties, according to Girlings Retirement Rentals.
The Equity Release Council has announced a range of initiatives at its Annual General Meeting to help firms deliver a high standard of support for home owners looking at equity release and later life financial planning.
Older borrowers stuck on interest-only mortgages have been offered what could become a lifeline by Britain's biggest building society Nationwide.
On in three home moves, about 200,000 a year are now made by owners aged 55 and over as a growing number use their huge equity reserves to find their perfect last home, according to new research.
The importance of unlocking housing wealth to meet consumer needs in later life and continuing product innovation are ensuring equity release occupies an increasingly central role in the UK, a new report shows.
Demand is growing for a new type of home loan that helps the over-55s facing a shortfall at the end of their existing term
Home owners in Britain aged 65 and over have effectively earned almost £1,000 a month over the last six months from their properties, new research shows.
Over half of older home owners in Britain say that they cannot see themselves moving out of their property and downsize as they want to hold onto happy memories.
The number of mortgages available for older home owners in the UK has increased significantly and likely due to the fact that the pension age has changed.
There needs to be a significant increase in the number of homes being purpose built for older people in the UK, according to a new report.
Millions of home owners in the UK believe that they could still be paying off their mortgage when they are beyond retirement age, new research has found.
The new boss of retirement housebuilder McCarthy & Stone has abandoned growth targets and will cut jobs in a bid to boost margins in the face of a troubled housing market.
Retirement housebuilder Churchill on Wednesday warned proposed changes to Britain’s leasehold system have triggered “cautious” land buying and created market uncertainty.
Retirement housebuilder McCarthy & Stone has looked haggard of late.
Shareholders have been spooked by proposed reforms that could set ground rents on new long leases to zero, leaving developers with less money to construct more properties.
Shares in retirement housebuilder McCarthy & Stone tumbled after it warned profits would slump this year because of economic uncertainty and weaker property prices and that its chief executive would retire in August.
London Mayor Sadiq Khan will this week be forced to rewrite part of his new affordable housing strategy after it was revealed that the country’s biggest retirement housing developers had stopped building in London because the conditions were so punitive.
A negative equity time-bomb is growing under Britain's banks and insurers as baby boomers are unlocking unprecedented sums of cash from their homes in equity release schemes at ever-younger ages.
Government proposals to scrap controversial ground rents have dented McCarthy & Stone's ability to buy land, while its profits for the first half of the year dropped by more than 50pc.
Retirement home builder McCarthy & Stone has cut back on land buying as it braces for a potential hit from government plans to ban new leasehold homes in England.
Work has started on property developer Adlington’s 55 luxury retirement apartments in Southport at a cost of £11.5m.
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