Enjoy,more,Affluent,Retirement DIY Enjoy a more Affluent Retirement with Equity Release
Normal 0 false false false MicrosoftInternetExplorer4 /* Style Definitions */ table.MsoNormalTable{mso-style-name:"Table Normal";mso-tstyle-rowband-size:0;mso-tstyle-colband-size:0;mso-style-noshow:yes;mso-style-parent:"";mso-padding-alt:0in When starting a new work at home business it is very easy to become consumed by it. We spend so much time trying to get the business up and running that we may end up becoming burned out and lose our motivation. There is so much to learn and
With energy bills set to increase yet again this August, thecoming winter is looking bleak for many people in the UK, especially those on pensionsor approaching retirement. What seemed like a good pension plan all those yearsago is now looking more like small change since the cost of living has risenmore rapidly than any of us expected. However the future may not be all that bleak for many homeowners as the equity in the property could be used to help finance theirretirement. There's nothing new about equity release and many people over theage of 60 have been unlocking the value of their property to help subsidisetheir pensions (both state pensions and private pensions) or to enable them topay for costly home repairs, replacing their cars, holidays or any other costtheir regular pension does not allow them to afford. Most people have a rough idea of what their home is worth,based on the asking or sale prices of neighbouring homes, but converting thatrough figure in to something more tangible for the purposes of equity releaseisn't that straight forward. It's not just the value of your home which is themain factor for determining how much equity is available, but also the age ofthe occupier and their spouse, and the location of the house as properties onsome parts of Britain increase in value more rapidly than others. You could seek financial advice and this is highly recommendedif you're more or less certain that equity release is right for you. However ifyou're in the early stages of considering releasing the equity from your home,paying for the services of a financial advisor is just another cost you coulddo without. The good news is however, you can get a good idea of how much theequity could be worth by using an online equity release calculator. As mentioned, figuring out what the equity could be worth isa tricky calculation and the many equity release calculator websites may givediffering results. They should however give you ball park figure to work withbefore seeking professional advice. As well as providing an equity releasecalculator, such websites also offer plenty of good information and advicewhich is well worth reading, as releasing the equity from your home to helpfinance your retirement may not be your only option.
Enjoy,more,Affluent,Retirement