Expectations are running high in the equity release market that home reversions plans could become a more popular choice in view of the current housing & economic climate.

It is common knowledge that in periods of low house price inflation, home reversions can become the favourable option as opposed to the roll-up lifetime mortgage.

The two comparable equity release schemes can experience different fortunes in such a static housing climate.

In summary, a home reversion scheme involves selling a percentage of the value of the property to the reversion company in exchange for a lease for life.

Therefore, in times of low house price growth the reversion company will not make as greater profit, as they will not benefit from the property value increasing. (more…)

With the economic climate continuing to tighten our belts, you may have considered refinancing your mortgage but have you considered refinancing your car?

Auto refinance allows you to repay your existing car loan and replace it with a refinanced one. This might sound a pointless act of swapping one loan for another, but if you make the right choice it can be beneficial.

By taking out a refinanced loan you are changing the terms of your original loan. This can mean lower monthly repayments, extended repayment time and you may even benefit from lower interest rate than your current rate. (more…)