Property a vital part of later life finances for half of homeowners
Nearly half of homeowners aged over 45 see taking out a mortgage or loan to access their property wealth as ...
Tag: later life lending
Could your home form part of your pension pot?
Growing numbers of homeowners are approaching retirement with paltry savings and meagre pensions, leaving them asset rich but cash poor. ...
Later life borrowing: Navigating options and securing the right advice
Increasing numbers of people are repaying mortgages in later life and lenders are responding with a range of innovative products ...
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.
Rise in first-time buyers benefiting from equity release
Equity release helped 46 first-time buyers get onto the property ladder each week in 2018 according to figures released by ...
Interest-only mortgage options expanding for older borrowers
Mortgages which allow older borrowers to take out a home loan and make interest-only repayments until they die or go ...
Boom in mortgages for people borrowing into their 70s and 80s
More borrowers will be able to extend their mortgage term beyond official pension age after it emerged some lenders were ...
North-South divide evident in equity release trends
Equity release growth in northern regions of the UK outpaced the south in 2018, mirroring trends seen in the house ...
Mortgages in retirement: Which product is best for you?
A mortgage lender has attempted to unravel some of the complexities surrounding new Retirement Interest-Only (RIO) mortgages to help potential ...
Why equity release should be a family affair
Families of homeowners considering equity release should be involved the advice process in order to reduce complaints.
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