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 …
Lenders are offering retirement interest-only mortgages Read More »
Zurich UK has revealed that millions of UK adults do not feel financially resilient and that they would not be able to manage a financial shock or loss of income. 17.6 Million is the equivalent to 1 in 3 people in the UK that feel they wouldn’t be able to recover from an unexpected financial …
17.6 Million Brits are not financially resilient Read More »
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 …
Brits more likely to have pet insurance than income protection Read More »
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 …
