Property & Finance
Welcome to the property and finance section of the Mature Times website – the voice of our generation!
This area of the site is packed with articles that will appeal to those over 50 on retirement property and finance, homes for retirement, articles to help you plan retirement and articles to help you plan your finances in retirement.
Mature Times recognises that older people have key decisions to make regarding property and financial matters and it is for this reason we place such importance on these topics.
If you’d like us to keep you updated on retirement property and finance issues then why not bookmark our site, or register with us and we’ll keep you informed on the subjects and topics that interest you.
- Tuesday, 14 May 2013
- Over four million retirees (or 34% of retirees) each have an average of £6,952 personal debt
- One in eight retirees (13%) continue to pay off a mortgage in retirement, collectively worth £76bn (average of £47,458 per person)
- 10% of people in retirement each manage a personal debt worth over £5,000
- 6% of retirees aged 55 and over work part-time to supplement their income
- Monday, 13 May 2013
Discrimination and short-sightedness is at the root of a growing army of unemployed over 50’s at a time when the mature workforce need more income, according to Cognitive Neuroscientist and Business Improvement Strategist, Dr Lynda Shaw.
“We all know that experience comes with age, but in business, experience is often put to one side because of implied associated higher costs. It is a rather short sighted business model,” argues Dr Shaw. “The problem is compounded by the fact that we are living longer, therefore we need to work longer to pay for our longevity."
"If we are not being allowed to work as long as we want and are able, there will be serious financial implications globally. The numbers simply don’t stack up. Many over 50s are now being forced to set up their own businesses having been pushed out of the workforce. For many this ends up working well, but for others this means a pattern of home start-up businesses that can lead to isolation with little monetary gain.”
- Tuesday, 07 May 2013
The decision, announced yesterday by Pensions Minister Steve Webb, to stop foreign spouses claiming a UK state pension based on their husband or wife’s history of National Insurance contributions has been slammed by the boss of the world’s largest independent financial advisory firm.
Nigel Green, chief executive of the deVere Group, is speaking out in response to the news that the government plans to scrap claims on contributions made by one’s spouse under the married person’s allowance, from 2016.
- Friday, 03 May 2013
"Today's findings from the FCA shed a fascinating new light on the financial situation of interest-only mortgage customers. On the one-hand, the results are encouraging - it's great to hear so many people have a 'strategy' to repay their mortgage when it is due. But on the flip-side I'm concerned that many borrowers are still likely to have a 'shortfall', and urge them to take control of their mortgage repayment planning quickly.
- Thursday, 02 May 2013
Bournemouth University research finds ‘Asset rich, cash poor’ pensioners sacrificing social activities because of fear of debt and may be more vulnerable to exploitation
The economic downturn is having a marked impact on the wellbeing of ‘asset rich, cash poor’ older people, Bournemouth University (BU) researchers have found.
The study looked at the financial challenges facing retired older people, who are often considered to be asset rich but cash poor – owning property but not receiving a large monthly income.