Get SAM to unlock the value of your home
Article Abstract:
Shared appreciation mortgages (SAMs) are one way for homeowners to borrow against their home's value. The loan is repaid after the borrower has died. There are drawbacks to SAMs such as difficulty in moving house. Part of the rise in value of the house goes to the lender, which leaves less with which to buy a new home. Conventional remortgages may be cheaper than SAMs, and home income plans may also be suitable if they are linked to low-risk investments. Younger homeowners are paid lower incomes and home income plans are not easily obtainable for investors under 70-years-old.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1997
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Make pension provision your top priority
Article Abstract:
A divorced woman may not have pension provision for herself since she may have thought that her husband's pension would cover her. Ensuring that she has a pension of her own is a priority. Pensions earmarking may ensure that she obtains some of her husband's pension, under United Kingdom law, but she will have to keep in touch with her husband, wait for his retirement, and may obtain nothing should she remarry prior to his retirement. She may also need cover to ensure an income if she is unable to work due to illness.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1998
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