Bank of Mum and Dad funds half of first-time buyer purchases amongst under-35s
The Bank of Mum and Dad is providing the money for more than half the purchases made by first-time buyers ...
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Homeowners still burdened with mortgage debt in retirement
A third of retirees due to finish work in 2020 are in debt with the average amount owed being more ...
Equity release rates fall to record low
Interest rates on equity release have plunged this summer so that more than half the products now offer a rate ...
Parents seek new ways to help children buy their first home
Parents and grandparents are cashing in their buy-to-lets, acting as guarantors and remortgaging their homes in order to help younger ...
House price rises boost equity release potential for over-55s
House price increases across the UK mean there is now £382 billion worth of equity available in older homeowner’s properties, ...
Older homeowners use equity release to pay off mortgage
Paying off interest-only mortgages is one of the key influences behind older homeowners’ decision to take out equity release.
Gifting to families is driving popularity of equity release
Growing numbers of retired homeowners are passing on their wealth by releasing equity from their home and gifting the money ...
New mortgage offers flexible lending options for retirees
A new equity release mortgage has been launched today which has marked itself apart because it offers a variety of ...
Equity release pays to ‘age proof’ homes and pay off debt
A large majority of homeowners taking out equity release are using the money to fund improvements which ‘age proof’ their ...
Bank of Mum and Dad toughens its lending rules
It’s not just the banks using tough lending criteria for their mortgage applications, the Bank of Mum and Dad is ...
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