The Scotsman

May calls for boost in Commonweal­th trade

- By SAM LISTER

Homeowners aged 55 plus could benefit from releasing money locked up in their homes. Multi-award-winning equity release specialist­s Age Partnershi­p can help homeowners decide if equity release is right for them, how much they can release and what impact it could have on the size of their estate including their entitlemen­t to means-tested benefits now, or in the future. Any money released, plus accrued interest would be repaid upon death, or moving into long-term care. Equity Release may involve a home reversion plan or a lifetime mortgage which is secured against your property. To understand the features and risks, ask for your personalis­ed illustrati­on. We provide initial advice for free and without obligation. Only if you choose to proceed and your case completes would a fee of 1.95% of the amount released be payable (minimum £1,495). You only continue to own your own home with a lifetime mortgage. Women and young people will be at the centre of plans to boost trade across the Commonweal­th announced by Theresa May as its leaders gather for a summit.

The heads of the 53 nations will meet in London and Windsor for talks on the major challenges facing their 2.4 billion citizens.

The Prime Minister will call for the group to become a beacon of free trade at a time of fragile internatio­nal growth.

Mrs May will also announce cash and projects to help increase the number of women in business and cut high rates of youth unemployme­nt.

She said: “Our Commonweal­th family already accounts for one-fifth of global trade, and we must continue to work together to build further upon this solid foundation by building on our existing trade links.”

The Commonweal­th Heads of Government Meeting (Chogm) gathers every two years to discuss shared interests. Labour called for Mrs May to use the summit to apologise for past failures by the UK government.

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