Bower Retirement Services

February 22, 2012 02:00 ET

Equity Release Affected by Welfare Reform Bill, Report Bower Retirement Services

Equity Release Mortgages Could Experience a Surge in Popularity as a Result of Changes to Law

LONDON, UNITED KINGDOM--(Marketwire - Feb. 22, 2012) - The Government's new Welfare Reform Bill could have several negative side effects for older citizens, report Bower Retirement Services. According to Age UK, in couples where only one party has reached pension credit qualifying age and the other is younger but out of work, they could receive £100 less every week. Over the course of a year this amounts to over £5,000 less than they'd currently receive. This has implications for equity release.

Equity release is when homeowners can release some of their property's equity to help them pay for one off payments or even manage monthly outgoings. If the new Bill is passed, equity release mortgages could be a practical option for hard up homeowners looking to provide for their future.

Bower Retirement Services are one of the best names in equity release in the UK. It is recommended by solicitors and independent financial advisers and it's fully regulated by the Financial Services Agency (FSA). Not only is it safe and reliable, it also offers award-winning service. In 2011 Bower Retirement Services won Best Financial Adviser.

It recommends a range of equity release mortgage products that help you utilise the value of your property without having to resort to an unsecured loan or credit. It is a simple, cost-effective service that can help you maximise your investment in your home.

Initially you begin with a free, no-obligation consultation and you can make use of Bower Retirement Services' web-based services such as its equity release calculator UK.

The next step is to decide on an equity release scheme. There are four types to choose from: lump sum lifetime mortgages; lifetime mortgage with flexible cash release; interest only lifetime mortgages and home reversion plans. Once you've made your decision, Bower Retirement Services is quick to get the ball rolling. The process is made as simple, fast and hassle free as possible.

Bower Retirement Services uses only the best equity release providers in the UK, such as LV and AVIVA. It utilises SHIP (Safe Home Income Plans) equity release schemes, which come with a number of guarantees that are recognised by the financial industry and it believes in complete transparency; you will be told everything up front, including details about costs and what to expect from an equity release mortgage, both now and in the future.

Equity release mortgages could well become far more popular as a result of the Welfare Reform Bill.

To qualify for Bower Retirement Services' equity release mortgages you need to be a homeowner over the age of 55, but even if you are not yet 55, that doesn't mean you can't start planning for the future and invest in property today.

About Bower Retirement Services

Bower Retirement Services are an award-winning specialist UK equity release advice company. Fully regulated and authorised by the Financial Services Authority (FSA) to provide advice on equity release products from the whole market. Winners at the 2009 and 2011 Equity Release Awards, with Bower customers are guaranteed to receive the very best equity release advice.

Contact Information