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Will New Year financial planning see Brits seek equity release advice?

Thu 6th Jan 2011

Britons are unhappy with their pension provision according to the findings of a new report.

This could encourage a number of Expats, aged over 55 years and who still own a propety in the UK, to use an equity release calculator to see how a lifetime mortgage could boost their funds with cash taken from the value of their home.

Figures recently-published by first direct have shown that 80 per cent of Britons are unhappy with their pension provision.

The study also highlighted credit card and loan debt, savings pots and general spending habits as financial areas that Britons are unhappy with.

Richard Brown, senior savings product manager at first direct, advised individuals to use the New Year as an opportunity to assess their finances and plan ahead for the future.

"The New Year is the ideal time to reflect on your financial habits and change these for the better. The earlier people start to plan their finances and look to the future, the easier they will find their long term financial position," he commented.

Expat UK property owners aged over 55 years who are interested in finding out how the value of their home could boost their income with a tax-free cash lump sum can do so by taking advice from an expereinced scheme provider.

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