Archive for October, 2009

2 November Pension Credit Boost spells good news for retired population

From 2 November 2009, the first £10,000 worth of savings will be ignored when assessing for Pension Credit entitlement which spells good news for pensioners, says Geoff Charles. (more…)

Bower Retirement Services Shortlisted for Equity Release Awards 2009

Bower Retirement Services has been shortlisted in two categories for the Equity Release Awards 2009. The Awards, sponsored by Liverpool Victoria Friendly Society and Safe Home Income Plans (SHIP), recognise providers (lenders) and financial advisers who offer the highest levels of products and advice in the equity release sector. (more…)

Equity Release can relieve the burden of debts and mortgages in retirement

Around a third of the retired population are suffering the burden of a mortgage and/or other debts. Thankfully, for homeowners aged 55 plus, there’s a solution, says equity release specialist Geoff Charles. (more…)

Equity Release Funds Home Improvements

Homeowners that fail to qualify for home improvement grants but face the need to have urgently needed or long-term desired work undertaken on their properties, whether new windows and doors, a new roof, conservatory, new boiler or heating system, fitted kitchen, bathroom or bedroom; are increasingly turning to Equity Release as the answer to their financial needs. (more…)

Drawdown Equity Release: A Monthly Income and Many More Benefits Besides

Thousands of retired homeowners are realising the benefits of an equity release plan that releases money gradually without having to take a large lump sum’, says Geoff Charles, Managing Director of Bower Retirement Services. (more…)

Considering Changing an Existing Equity Release Plan?

Homeowners that took out an Equity Release plan more than five years ago could benefit from a review, says Bower Retirement Services, to see if they could save money by switching to a plan with a lower interest rate. (more…)