As the country continues its attempt to get back to normality, the true financial impact of the Covid-19 pandemic for those in later life is beginning to bear through.
Homeownership underpins greater financial security in later life. Over the years, homeowners have built up an asset, so when it comes to their later years, it can be used to help them to with a whole host of different wants and needs.
You’ve got the right qualifications, years of experience, a great business, and a beautiful website… but you’re struggling to generate the volume of enquiries you want. Sound familiar? If you are not getting enough enquiries it’s simply because not enough people know about you.
Around the world, millions of people have also been told to stay at home in a bid to slow the spread of COVID-19. But turning your home into your office is tricky, even in the best of times, as trying to separate work and life when they’re both happening in the same space is hard. Fortunately, there are now a huge variety of tips and tools to help you to make the change from office to home successfully.
Recent innovations in the equity release market have meant that we are now able to provide expert advice over the phone.  This can be a huge change to the face-to-face meetings you might be used to.  We have put together some handy tips to help you provide telephone advice to your clients.
Did you know? 70–80% of people research a company online before visiting the business or making a purchase with them.  How your business appears online; it’s what people find when they search for your business or company on the internet.
The equity release conveyancing process relies on face-to-face advice and wet signatures as a legal requirement. Since the outbreak of COVID-19 and the associated social distancing and sheltering measures the Equity Release Council has been in close consultation with the wider industry to work to find alternative solutions which will enable cases to complete without a face-to-face meeting with a solicitor.
Later life advice is becoming more complex. As people now live longer than before the lines between work and retirement are blurring, while the financial implications of an extended retirement and the associated care costs can be daunting.
Put simply, the world searches on Google. It is undoubtedly the most powerful search engine, handling over 90% of all search queries and dominating the search market.
As a wealth manager, IFA, accountant, will writer or solicitor you’ll most likely be used to seeing clients coming to you with their concerns about Inheritance Taxes (IHT). These are valid concerns, of course, given that the part of an estate that exceeds the IHT threshold can be taxed at up to a not insignificant 40%.
The difficulties young people experience in getting on the property ladder has been widely discussed. It’s clearly bad news for the country’s young people, but the hard time under 35s are having acquiring their first property has wider effects on the housing market and indeed on mortgage brokers, who simply have fewer deals on the table.
Whilst I’m sure we all did plenty of planning for the challenges that 2020 would throw at us, nobody could have foreseen something as unique and horrifying as a global pandemic.
The nature of business has changed due to the COVID-19 Pandemic. Working from home is now a day-to-day reality for a growing majority of the workforce, and due to the complexity of financial advice, this demand means the way many advisers work will have to adapt as well.
Throughout the lifespan of a client relationship, IFAs work tirelessly to ensure that a client optimises their financial planning outcomes including when it comes to inheritance and estate planning.
Years of solid house price growth in the UK has left many individuals and couples with a very large sum of money locked in their homes. Equity release is, of course, one way of unlocking this accumulated wealth without the substantial disruption of leaving a much loved home.

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