Scotland sees 39% spike in equity release borrowing

Total equity release lending to Scottish homeowners rose by 39% in 2012 compared to the previous year.

Equity release market to exceed £1bn

The equity release market could exceed £1 billion this year after the third quarter saw plan sales and lending rise by 11%.

Rain blamed for Scottish house price slump

House prices in Scotland took their steepest monthly fall since the start of 2009, with wet weather being blamed for the slump in the market.

Pensioners gain £13 billion on property value

Retired homeowners gained a total of £13.66 billion on their property value in the past three months, research has found.

Loans for the elderly: Govt to outline residential care plans

The government is to announce details of a deferred payment scheme for residential care for the elderly, which will allow councils to lend individuals money to pay for care, then recoup the money when their house is sold after their death.

Top tips for equity release

10 hints and tips for older homeowners looking to free up wealth tied in property

Housing market optimism on the up

Britons are becoming increasingly confident in the outlook for the housing market, according to the latest Halifax housing market confidence tracker.

Mortgage launched for over 65s

Legal & General and Buckinghamshire Building Society have launched a retirement mortgage for asset-rich over 65s, the only one of its kind in the market.

Saga urges Government to listen to message from older voters

41% of over 45s would use property to fund care

Annuity provider Partnership, has found that almost 41% of consumers aged 45-85 say that they would need to fund long-term residential care by renting or selling their property.

Equity release set to become mainstream product

Research carried out by retirement specialist reveal that 80% of advisers new to the equity release market believe equity release will be considered a mainstream financial product in the next few years.

Staying loyal to one bank or building society doesn't always pay

Consumer loyalty could be costing some an excess of £780 a year, compared to those who look around.