{"id":114095,"date":"2020-02-07T07:00:53","date_gmt":"2020-02-07T00:00:53","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/equity-release-what-are-the-options-for-older-people\/"},"modified":"2020-02-07T08:09:29","modified_gmt":"2020-02-07T01:09:29","slug":"equity-release-what-are-the-options-for-older-people","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/equity-release-what-are-the-options-for-older-people\/","title":{"rendered":"Equity release: what are the options for older people?"},"content":{"rendered":"


\nTaking cash out of your home is more popular than ever, but other choices could be better for youOlder people are withdrawing \u00a310m a day from their homes \u2013 adding up to \u00a33.4bn last year \u2013 and it\u2019s not just for new kitchens and dream holidays. New research reveals a surge in the number of people turning to equity release in order to pay off debts and mortgages.Equity release is becoming an increasingly mainstream proposition, and rates on these deals have fallen to record lows, making them look more tempting. The lowest interest rates are now below 3%, whereas five years ago you would have done very well to get 5%. Continue reading…
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\nSource : theguardian.com
\nRead more…Equity release: what are the options for older people?<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Taking cash out of your home is more popular than ever, but other choices could...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-114095","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-tGf","jetpack-related-posts":[{"id":122631,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/equity-release-is-on-the-rise-but-should-you-risk-it\/","url_meta":{"origin":114095,"position":0},"title":"Equity release is on the rise \u2013 but should you risk it?","date":"October 17, 2021","format":false,"excerpt":"\r Helping your loved ones get on the property ladder is getting easier and cheaper, but it is not without disadvantages or costsRising house prices are a double-edged sword for many families. Older generations have seen the value of their homes rise while their children and grandchildren struggle to get\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":67718,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/so-is-equity-release-really-that-bad\/","url_meta":{"origin":114095,"position":1},"title":"So is equity release really that bad?","date":"June 4, 2006","format":false,"excerpt":"\r Maybe not, says Jon Robins, but it pays to think carefully before unlocking the money in your homeAt a time of overstretched pensions and low interest rates, it is hardly surprising that many older homeowners are planning to cash in some of the equity in their homes to make\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":131565,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uk-mortgages-could-equity-release-help-with-rising-costs\/","url_meta":{"origin":114095,"position":2},"title":"UK mortgages: could equity release help with rising costs?","date":"November 12, 2022","format":false,"excerpt":"\r Record numbers of older people are freeing up money from their homes \u2013 but doing so does have its drawbacksAn increasing number of older people are considering dipping into the value stored in their homes to help with the UK\u2019s cost of living crisis.Some want cash to upgrade their\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":66564,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/over-55s-take-out-8m-a-day-from-their-homes\/","url_meta":{"origin":114095,"position":3},"title":"Over-55s take out \u00a38m a day from their homes","date":"September 16, 2017","format":false,"excerpt":"\r With the equity release market booming, here\u2019s a guide to unlocking the value in propertyEquity release is booming, with older people withdrawing almost \u00a38m a day from their homes, it emerged this week. And there are more schemes than ever available to over-55s looking to unlock the value tied\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":48950,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/equity-release-schemes-how-they-work\/","url_meta":{"origin":114095,"position":4},"title":"Equity release schemes: how they work","date":"February 7, 2013","format":false,"excerpt":"\r Equity release schemes enable older homeowners to tap into the value of their property without the need to sell up and move out. There are two main types of scheme \u2013 lifetime mortgages and reversion schemes \u2013 and deciding which to go for is just one of the decisions\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":11064,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/is-equity-release-a-sensible-way-to-provide-for-your-old-age\/","url_meta":{"origin":114095,"position":5},"title":"Is equity release a sensible way to provide for your old age?","date":"August 1, 2015","format":false,"excerpt":"\r Taking out a \u2018lifetime mortgage\u2019 on your home might seem like a good idea, but there is a downsideUsing your home as a cash machine to help fund your retirement is becoming an increasingly mainstream option. It emerged this week that schemes which allow older people to unlock some\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/114095"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=114095"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/114095\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=114095"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=114095"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=114095"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}