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 [...]

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 [...]

Did you know equity release could be used to fund a house purchase?

2022-04-25T10:24:17+00:00April 25th, 2022|Lifetime (equity release), Mortgage|

As we get older many of us begin to make alterations to our homes to suit our living requirements and desires. Perhaps we’ve become less physically able and alter our homes to accommodate our new needs? Sometimes the solution may be to move home altogether. Perhaps to be closer to loved ones who [...]

Top Tips for Later Life Borrowing

2022-02-09T10:37:52+00:00February 9th, 2022|Lifetime (equity release)|

Over 55s could be sat on more equity in their homes than they realise, especially given the house price growth seen in 2021. The two main products available to those heading into their retirement years are Lifetime Mortgages (more commonly known as Equity Release) and Retirement mortgages. With the equity release lifetime mortgage, people [...]

Did you know equity release could be used to fund a house purchase

2022-02-08T12:45:52+00:00February 8th, 2022|Lifetime (equity release)|

As we get older many of us begin to make alterations to our homes to suit our living requirements and desires. Perhaps we’ve become less physically able and alter our homes to accommodate our new needs? Sometimes the solution may be to move home altogether. Perhaps to be closer to loved ones who [...]

Could equity release aid your financial recovery?

2022-01-10T10:26:36+00:00January 10th, 2022|Lifetime (equity release), Mortgage|

The pandemic is still raging on across the world and we’re sure many are beginning to assess the damage the past 2 years have caused not only to their health, their loved ones and their socialising, but more so their circumstances and finances. The furlough scheme while benefiting many has left lots of [...]

Equity Release: Eating or heating this winter?

2021-12-15T13:03:56+00:00October 5th, 2021|Lifetime (equity release), Mortgage|

We’ve heard the phrase “heating or eating” a lot over the years as we look at those who may have to contemplate the choice when finances are hard and typically, we consider the elderly population when we do so. More and more we see decreased financial stability and increased health issues (especially amidst [...]