May 28
Inflation may have risen from 3.4% to 3.7% in April, but for those in or nearing retirement who spend a larger proportion of their disposable income in areas where costs have risen far more dramatically, they are facing a figure more like 5%. (more…)
May 22
Between April 2009 and April 2010, the average house price in the UK rose by 10.5% making this the first time annual house price inflation hit double figures since June 2007.
The report, by Nationwide, also showed a 1% increase in house prices during April putting the average at £167,802. (more…)
May 15
Recent statistics published by Bridgewater Equity Release have revealed the top three reasons for homeowners releasing cash from their homes via a home reversion plan are repaying a mortgage, home improvements and other types of debt consolidation. (more…)
May 10
In retirement, every penny counts, and so it is unfortunate that many living on a pension could be paying far too much than necessary for services and utilities.
In spite of the media emphasis on the benefits of comparison websites, it seems that many people are failing to shop around for better deals on things like insurance, telephone tariffs and energy, preferring to stick with their existing provider. But is better the devil you know really the right course of action? If there is money to be saved then surely it is worth spending some time seeking better deals? (more…)
May 01
According to a recent report in the Daily Mail, one in four pensioners is taking their mortgage into retirement.
A survey of 3,500 people aged 65+ reported that 27% had a mortgage and even more worryingly, the average size of that mortgage was higher amongst those over the age of 70. (more…)
