A healthy credit score has its benefits, so make sure you manage your debt correctly.
Discover the best travel insurance policy for your next trip.
Find current accounts offering in-credit interest rates up to 5.00% AER.
Explore the best cards with a 0% introductory period.
Could the value of your state pension rise by more than inflation?
Will your loved one's gift be tax affected?
Looking for inflation beating returns? Investing in shares could be an option.
A healthy credit score has its benefits, so make sure you manage your debt correctly.
Discover the best travel insurance policy for your next trip.
Find current accounts offering in-credit interest rates up to 5.00% AER.
Explore the best cards with a 0% introductory period.
Could the value of your state pension rise by more than inflation?
Will your loved one's gift be tax affected?
Looking for inflation beating returns? Investing in shares could be an option.
The size of the equity release market has been growing in recent years and while in 2020 the amount released to homeowners reduced by 4% to £3.5bn – it continues to be a significant market attracting more than 40,000 customers every year.
Demand is likely to continue due to increasing property prices, low interest rates for equity release and the desire for borrowers to bolster finances during the pandemic. Equity release advisers Key found the most frequent reasons for using equity release in 2020 was to improve day-to-day finances or to give cash gifts to family members. We have also reported on the highly competitive interest rates now available on lifetime mortgages (the most common form of equity release.)
The fact that equity release borrowers must be over the age of 55, combined with the sizeable market and strong consumer demand makes this an appealing area for scammers to target.
The most common equity release scam was first reported in 2019. Disreputable comparison sites were encouraging consumers to provide their contact details in the belief these would be used to create a personalised quote for a lifetime mortgage. In fact, these details were sold onto marketing agencies who then bombarded consumers with calls and emails to try to extract further information. This would then be sold on again to the highest bidder.
Moneyfactscompare.co.uk as a reputable comparison site, is registered with the Financial Conduct Authority and does not collect personal details on the site. We only link to legitimate lenders and brokers for our visitors to then contact if they wish.
Consumers worried if a business contacting them is regulated can check this on the Financial Conduct Authority’s register. There is also help and information available about scams at ScamSmart and Take Five.
Information is correct as of the date of publication (shown at the top of this article). Any products featured may be withdrawn by their provider or changed at any time. Links to third parties on this page are paid for by the third party. You can find out more about the individual products by visiting their site. Moneyfactscompare.co.uk will receive a small payment if you use their services after you click through to their site. All information is subject to change without notice. Please check all terms before making any decisions. This information is intended solely to provide guidance and is not financial advice. Moneyfacts will not be liable for any loss arising from your use or reliance on this information. If you are in any doubt, Moneyfacts recommends you obtain independent financial advice.
Autumn Statement 2023 sees National Insurance contributions cut to 10% while the State pension is set to increase by 8.5%
National Insurance contributions cut to 10%; State pension set to increase by 8.5%
When measured against both state and private pension averages around Europe, the UK often falls far down the list of the most well-off countries. Keep reading to find out three financial aspects that could affect your later-life income and how to overcome them, plus three unmissable financial opportunities to prioritise in retirement.
Find out three financial aspects that could affect your later-life income and how to overcome them.
The Building a Consensus for Better Pensions charter unifies voices from across the pension industry in calling on major political parties for reform.
The Building a Consensus for Better Pensions charter unifies voices from across the pension industry in calling on major political parties for reform.
Autumn Statement 2023 sees National Insurance contributions cut to 10% while the State pension is set to increase by 8.5%
National Insurance contributions cut to 10%; State pension set to increase by 8.5%
When measured against both state and private pension averages around Europe, the UK often falls far down the list of the most well-off countries. Keep reading to find out three financial aspects that could affect your later-life income and how to overcome them, plus three unmissable financial opportunities to prioritise in retirement.
Find out three financial aspects that could affect your later-life income and how to overcome them.
The Building a Consensus for Better Pensions charter unifies voices from across the pension industry in calling on major political parties for reform.
The Building a Consensus for Better Pensions charter unifies voices from across the pension industry in calling on major political parties for reform.
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Moneyfactscompare.co.uk will never contact you by phone to sell you any financial product. Any calls like this are not from Moneyfacts. Emails sent by Moneyfactscompare.co.uk will always be from news@moneyfacts-news.co.uk. Be ScamSmart.
Moneyfactscompare.co.uk will never contact you by phone to sell you any financial product. Any calls like this are not from Moneyfacts. Emails sent by Moneyfactscompare.co.uk will always be from news@moneyfacts-news.co.uk. Be ScamSmart.
Moneyfactscompare.co.uk will never contact you by phone to sell you any financial product. Any calls like this are not from Moneyfacts. Emails sent by Moneyfactscompare.co.uk will always be from news@moneyfacts-news.co.uk. Be ScamSmart.
Moneyfactscompare.co.uk will never contact you by phone to sell you any financial product. Any calls like this are not from Moneyfacts. Emails sent by Moneyfactscompare.co.uk will always be from news@moneyfacts-news.co.uk. Be ScamSmart.