{"id":66564,"date":"2017-09-16T13:00:04","date_gmt":"2017-09-16T06:00:04","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/over-55s-take-out-8m-a-day-from-their-homes\/"},"modified":"2017-09-16T13:13:35","modified_gmt":"2017-09-16T06:13:35","slug":"over-55s-take-out-8m-a-day-from-their-homes","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/over-55s-take-out-8m-a-day-from-their-homes\/","title":{"rendered":"Over-55s take out \u00a38m a day from their homes"},"content":{"rendered":"


\nWith 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 up in their property so they can, for example, pay off their interest-only mortgage.There are 78 product options available for releasing equity \u2013 more than three times the number a decade ago. And we could soon see the arrival of a new breed of interest-only home loan for older people that would last until someone died or moved into care. Continue reading…
\n
\nSource : theguardian.com
\nRead more…Over-55s take out \u00a38m a day from their homes<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

With the equity release market booming, here\u2019s a guide to unlocking the value in propertyEquity...<\/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-66564","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-hjC","jetpack-related-posts":[{"id":2621,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/equity-release-levels-hit-record-high-among-over-55s\/","url_meta":{"origin":66564,"position":0},"title":"Equity release levels hit record high among over-55s","date":"January 25, 2016","format":false,"excerpt":"\r More than 22,500 deals were agreed in 2015, showing a growing reliance on housing wealth as a key pillar of later-life financial planning A record amount of housing wealth was unlocked by homeowners aged 55 and over in 2015, with \u00a31.61bn withdrawn through specialist equity release plans.Lending was up\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":105757,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/dramatic-rise-in-equity-release-by-over-55s-to-fund-retirement\/","url_meta":{"origin":66564,"position":1},"title":"Dramatic rise in equity release by over-55s to fund retirement","date":"April 4, 2019","format":false,"excerpt":"\r Homeowners turn to properties to raise finance\r \r Source : ft.com\r Read more...Dramatic rise in equity release by over-55s to fund retirement","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":122631,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/equity-release-is-on-the-rise-but-should-you-risk-it\/","url_meta":{"origin":66564,"position":2},"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":56466,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/the-new-hipsters-londons-exclusive-downsizer-homes-for-the-over-55s\/","url_meta":{"origin":66564,"position":3},"title":"The new hipsters? London's exclusive 'downsizer' homes for the over-55s","date":"May 31, 2017","format":false,"excerpt":"\r Why are flats in London\u2019s hippest neighbourhoods being sold exclusively to over-55s, even as the young people who hang out there struggle to afford housing?As the weekends warm up, east Londoners are descending in their masses on London Fields, a park that has earned a reputation as the epicentre\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":1132,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/over-55s-expect-100000-from-downsizing\/","url_meta":{"origin":66564,"position":4},"title":"Over-55s expect \u00a3100,000 from \u2018downsizing\u2019","date":"January 11, 2016","format":false,"excerpt":"\r House price growth enables older generation to raise cash to finance retirement\r \r Source : ft.com\r Read more...Over-55s expect \u00a3100,000 from \u2018downsizing\u2019","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":50932,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/new-200m-firm-launched-to-build-downsizing-dwellings-for-the-over-55s\/","url_meta":{"origin":66564,"position":5},"title":"New \u00a3200m firm launched to build 'downsizing' dwellings for the over-55s","date":"April 5, 2017","format":false,"excerpt":"\r \r \r Source : telegraph.co.uk\r Read more...New \u00a3200m firm launched to build 'downsizing' dwellings for the over-55s","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\/66564"}],"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=66564"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/66564\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=66564"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=66564"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=66564"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}