Bower Retirement Services

Cash-strapped retired homeowners waiting for their pension to start, or for any other source of finance to kick-in, are looking towards Equity Release as a short term cash solution says Geoff Charles, Managing Director of Bower Retirement Services.

Homeowners considering equity release are often concerned that they won’t be able to leave an inheritance for their loved ones. But this not always the case, says Geoff Charles.

Retired homeowners hoping for the very best quality long term care – in their own homes – are finding the financial solution in Equity Release, says Geoff Charles, Managing Director of Bower Retirement Services.

Homeowners that took out an Equity Release plan more than five years ago could benefit from a review, says Bower Retirement Services.

Savers reaching the age of 50 before April 5 2010 can put £3,000 more into their ISAs thanks to a jump in the contribution limit from £7,200 to £10,200 as of 6 October 2009.

“Thousands of retired homeowners are realising the benefits of an equity release plan that releases money gradually without having to take a large lump sum”, says Geoff Charles, Managing Director of Bower Retirement Services.

Homeowners that fail to qualify for home improvement grants but face the need to have urgently needed or long-term desired work undertaken on their properties are increasingly turning to Equity Release as the answer to their financial needs.

Getting onto the property ladder is becoming something of an impossibility for many younger would-be borrowers; but there could be a way of raising this money says Geoff Charles, Managing Director of Bower Retirement Services.

Retired home owners facing dwindling savings, poorly performing pensions and increased living costs are turning to equity release so they can enjoy financial freedom in retirement, says Bower Retirement Services.

UK equity release specialists Bower Retirement Services have this week launched their new website.