Afternoon,
I thought you might be interested in a bit of fun with an alternative rich list
- namely a top ten of UK celebs over 55 who could expect to release the most
amount of money through equity release and what they could do with it. The release is attached / follows. Do
let me know if you'd like any additional information.
PRESS INFORMATION
May 30th,
2018
EQUITY RELEASE OF
THE RICH AND FAMOUS
With both SunLife and
Nationwide having recently entered the market, equity release is well on its
way to becoming one of the most popular means of funding later life for over
55s in the UK.
To date, the average Joe
has released a modest £75,000 to enjoy in their retirement years, but just how
much could the nation’s rich and famous access via their lavish homes? Equity
release specialist, Age Partnership has done the research and compiled a top
ten of equity release sums for some of our favourite celebrities.
Straight in at number one
is The Queen. Foxtons estate agents recently valued Buckingham Palace at
£2.2billion, meaning her Majesty could release over £1.2billion in property
equity, which should just about cover the cost of all her great grandchildren’s
weddings!
In second place is former
PM Tony Blair, whose home in Connaught Square, London would allow him to
release £2,890,000 in property equity – enough to buy Cherie and himself Kanu
Island, off Belize in Central America.
Coming in at number three
is Sir David Attenborough, who could release a cool £1,846,350 in equity and
buy himself a 221 acre estate in Scotland and a Unicat Amerigo to explore his
purchase
Elton John, who is lucky
enough to have properties dotted all around the globe is number four on the
list. His UK Woodside home alone would allow him to release £1,800,000, which
should be sufficient to get control of York City FC and allow him to try and
re-enact the Watford FC rags to riches story.
After downsizing from a
£4million pound pad to a £2.6million property, Britain’s favourite baker, Mary
Berry wraps up our top five. The 83-year old could release enough cash from her
new four bedroomed Henley home for over 67,000 afternoon teas at luxury
Yorkshire tea room Betty’s.
The full top ten is as
follows:
Num | Celebrity | Equity
amount |
1 | The Queen | £1,210,000,000 |
2 | Tony Blair | £2,890,000 |
3 | Sir David
Attenborough | £1,846,350 |
4 | Elton John | £1,800,000 |
5 | Mary Berry | £1,352,000 |
6 | Eamonn
Holmes & Ruth Langsford | £877,500 |
7 | Jonathan
Ross | £650,000 |
8 | Frank
Skinner | £536,148 |
9 | Ricky
Gervais | £452,196 |
10 | Sean Bean | £292,820 |
Celebrities might not
face the same financial constraints as the average Joe, but if they needed to,
they could release huge amounts of equity in their lavish homes to spend on
luxurious holidays, travel in style, fund movie projects, or even record their next
album.
Equity release is a
solution that enables over-55s to access the money they have tied up in
property, to spend as they wish during retirement. A Lifetime Mortgage, which
is secured against a homeowner’s home, allows them to retain 100 per cent
ownership of their home, and not have to make any monthly repayments as the
money is paid back when they either die or move into long term care. For those
interested in how their property measures up, Age Partnership’s equity release
calculator can be found here.
ENDS
Notes to editor:
- Research was carried out using
a number of sources to determine celebrities locations and house values.
- Zoopla Price Check was used to
calculate average value of properties within a specified street, town or
postcode
- Buckingham Palace - https://www.foxtons.co.uk/discover/2016/04/how-much-is-buckingham-palace-worth.html
- Kanu Island - https://www.privateislandsonline.com/central-america/belize/kanu-island
- York City for sale - http://www.bbc.co.uk/news/uk-england-york-north-yorkshire-43514450
- Helicopter for sale - https://www.flyq.com/buy/used/view.php?id=392
- Betty’s Afternoon Tea - https://www.bettys.co.uk/cafe-tea-rooms/traditional-afternoon-tea
- Scottish Estate - https://www.struttandparker.com/properties/leslie-1
- Unicat Amerigo - http://www.dailymail.co.uk/news/article-2234940/Now-thats-mobile-home-Inside-500-000-expedition-vehicles-solar-panels-2-000-mile-gas-tank-shame-looks-like-garbage-truck.html
Press contacts: Daniel Kennedy or Peter Downey at
Source Marketing
T: 0113 380
1644, E: daniel@sourcemc.co.uk / peter@sourcemc.co.uk