Over 50 but too young for equity release – what are the options?

2022-11-22T12:35:09+00:00November 22nd, 2022|Lifetime (equity release)|

People over the age of 50 often find it difficult to get a mortgage because many lenders will not take future income, such as pensions, into account. But some lenders do, in particular those who offer retirement interest-only mortgages (RIOs). Later life borrowers who find they cannot get a mainstream mortgage, often turn first [...]

Your Mortgage options – we’re still here to help.

2022-10-21T13:32:58+00:00October 21st, 2022|Mortgage|

As we mentioned recently, the news around mortgage rates and deal availability has no doubt been heard by you and your loved ones, but are you worrying? Our role is to help you avoid worry and stress surrounding these headlines. It is important to remember that a lot of these headlines are often misleading [...]

Bank of England Base Rate explained: What does it mean for me and my mortgage?

2022-06-22T11:38:22+00:00June 22nd, 2022|Mortgage|

On the 16th of June this year, the Monetary Policy Committee (MPC) raised the base rate an additional 0.25% to 1.25%. But what does that mean? And what is the effect on your mortgage? Over the last decade we’ve seen historically low interest rates, in fact in 2016, the base rate was at just [...]

Utilising funds released from the home to tackle the cost-of-living crisis for your or your loved ones

2022-04-25T10:43:09+00:00April 25th, 2022|Lifetime (equity release), Mortgage|

The cost-of-living crisis is not something that will have passed you by unnoticed. But for many of those in their retirement years, the phrase “eating or heating” is not a new one. Many of us are seeking new ways to budget to afford the significant price hikes in energy bills, the rise in [...]

Could a second charge mortgage help navigate significant early redemption charges?

2022-04-25T10:39:42+00:00April 25th, 2022|Mortgage, Secured loan (second charge)|

One of the biggest challenges you may face when trying to capital raise when your lender may not give you a Further Advance (when you take on additional borrowing from your current mortgage lender) and large early repayment charges may stand in the way of re-mortgaging. Whether the money required is for debt [...]