{"id":2422,"date":"2021-10-22T11:21:48","date_gmt":"2021-10-22T10:21:48","guid":{"rendered":"https:\/\/new.contentdeployment.co.uk\/tomd\/?p=2422"},"modified":"2021-10-25T12:29:24","modified_gmt":"2021-10-25T11:29:24","slug":"home-finance-in-the-news","status":"publish","type":"post","link":"https:\/\/new.contentdeployment.co.uk\/tomd\/2021\/10\/22\/home-finance-in-the-news\/","title":{"rendered":"Home Finance &#8211; In the news"},"content":{"rendered":"<div class=\"hd-block hd-block-paragraph\">\n<p><strong>Rising\ninterest in equity release<\/strong><\/p>\n<\/div>\n\n<div class=\"hd-block hd-block-paragraph\">\n<p>More than half\nof homeowners are interested in releasing equity from their property in later\nlife<sup>1<\/sup>, with the majority aiming to boost pension income and savings\nor pay for care. The amount of equity available for release in British homes\nhas also reached a record high of \u00a3730bn<sup>2<\/sup>, with the South East having\nthe largest available equity by region at \u00a3140bn.<\/p>\n<\/div>\n\n<div class=\"hd-block hd-block-paragraph\">\n<p><strong>Biggest\nhomebuyer turnoffs <\/strong><\/p>\n<\/div>\n\n<div class=\"hd-block hd-block-paragraph\">\n<p>Subsidence,\nJapanese knotweed, overgrown gardens and visible power lines are some of the\nbiggest homebuyer red flags which could knock up to 20% off the value of your\nhome<sup>3<\/sup>. Subsidence is the biggest cause for concern, with the\npotential to reduce the value of a home by \u00a351,000 for the average UK property.\nJapanese knotweed can knock 15% (\u00a338,000) off the value, unkempt gardens 14%\n(\u00a336,000) and new power lines 13% (\u00a333,000).<\/p>\n<\/div>\n\n<div class=\"hd-block hd-block-paragraph\">\n<p><strong>Continued\ndemand for specialist mortgages <\/strong><\/p>\n<\/div>\n\n<div class=\"hd-block hd-block-paragraph\">\n<p>Mortgage\noptions suitable for irregular incomes and repayment blemishes continue to be\nsought after<sup>4<\/sup>, with demand for lenders willing to consider satisfied\nrepayment defaults remaining in the top three most desired criteria points.\nSearches for unsecured arrears and unsatisfied defaults appeared in the top 15\nmost searched-for terms, while searches for borrowers with bankruptcy jumped\n24%. <\/p>\n<\/div>\n\n<div class=\"hd-block hd-block-paragraph\">\n<p><sup>1<\/sup>Equity\nRelease Council, 2021<\/p>\n<\/div>\n\n<div class=\"hd-block hd-block-paragraph\">\n<p><sup>2<\/sup>Canada\nLife, 2021<\/p>\n<\/div>\n\n<div class=\"hd-block hd-block-paragraph\">\n<p><sup>3<\/sup>Yes\nHomebuyers, 2021<\/p>\n<\/div>\n\n<div class=\"hd-block hd-block-paragraph\">\n<p><sup>4<\/sup>Legal &amp;\nGeneral, 2021<\/p>\n<\/div>\n\n<div class=\"hd-block hd-block-paragraph\">\n<p><strong><em>As a\nmortgage is secured against your home or property, it could be repossessed if\nyou do not keep up mortgage repayments. Equity release may require a lifetime\nmortgage or a home reversion plan. To understand the features and risks, ask\nfor a personalised illustration.<\/em><\/strong><\/p>\n<\/div>","protected":false},"excerpt":{"rendered":"<p>Rising interest in equity release More than half of homeowners are interested in releasing equity from their property in later life1, with the majority aiming to boost pension income and savings or pay for care. The amount of equity available for release in British homes has also reached a record high of \u00a3730bn2, with the [&hellip;]<\/p>\n","protected":false},"author":15,"featured_media":2423,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[32,35,91],"tags":[],"hd_content_source":[],"_links":{"self":[{"href":"https:\/\/new.contentdeployment.co.uk\/tomd\/wp-json\/wp\/v2\/posts\/2422"}],"collection":[{"href":"https:\/\/new.contentdeployment.co.uk\/tomd\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/new.contentdeployment.co.uk\/tomd\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/new.contentdeployment.co.uk\/tomd\/wp-json\/wp\/v2\/users\/15"}],"replies":[{"embeddable":true,"href":"https:\/\/new.contentdeployment.co.uk\/tomd\/wp-json\/wp\/v2\/comments?post=2422"}],"version-history":[{"count":2,"href":"https:\/\/new.contentdeployment.co.uk\/tomd\/wp-json\/wp\/v2\/posts\/2422\/revisions"}],"predecessor-version":[{"id":2425,"href":"https:\/\/new.contentdeployment.co.uk\/tomd\/wp-json\/wp\/v2\/posts\/2422\/revisions\/2425"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/new.contentdeployment.co.uk\/tomd\/wp-json\/wp\/v2\/media\/2423"}],"wp:attachment":[{"href":"https:\/\/new.contentdeployment.co.uk\/tomd\/wp-json\/wp\/v2\/media?parent=2422"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/new.contentdeployment.co.uk\/tomd\/wp-json\/wp\/v2\/categories?post=2422"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/new.contentdeployment.co.uk\/tomd\/wp-json\/wp\/v2\/tags?post=2422"},{"taxonomy":"hd_content_source","embeddable":true,"href":"https:\/\/new.contentdeployment.co.uk\/tomd\/wp-json\/wp\/v2\/hd_content_source?post=2422"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}