Month: August 2018

older couple in sports car

Lenders are offering retirement interest-only mortgages

An increasing number of lenders have been lining up to release a new wave of home loans that let older borrowers take out interest-only mortgages. Retired borrowers can now remortgage their interest-only loan when it comes to an end – using the sale of their property as a means of repaying the debt. This can …

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cat in window

Brits more likely to have pet insurance than income protection

New research by Epoq Legal reveals that 32% of those surveyed have pet insurance compared to a quarter with some form of income protection. The research was conducted by Opinium in June 2018 among 1,234 employees from across the UK. The majority (23%) have paid for the pet insurance themselves, with the remaining 8% receiving it …

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Living room, blue sofa

How safe an option is equity release?

If you’re over the age of 55 and looking to free up cash from your property to fund home improvements, help out family/friends or clear outstanding debts you might be looking at equity release. Last year, homeowners withdrew over £3bn through equity release products, according to data from the advisers Key Retirement. Sales of equity …

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