Taking out a Lifetime Mortgage is a big decision, which is why it’s always worth talking to a mortgage advisor to make sure you choose a route that’s best for you. A Lifetime Mortgage could free up equity for you from your home without you having to downsize. Lifetime Mortgages have become a popular way …
What should I ask my mortgage advisor about Lifetime Mortgages? Read More »
Research carried out by the Equity Release Council found that single women over 55 accounted for 25% of new equity release (including lifetime mortgages) agreements. This was an increase of 50% compared with figures from 2017. According to Canada Life Home Finance lifetime mortgages are growing in popularity amongst women in order to ensure a …
Why are more women interested in lifetime mortgages? Read More »
Did you use a broker last time you took out a mortgage? According to a recent study by Legal & General Mortgage Club, 31% of home borrowers are going direct to a lender and didn’t know that a mortgage broker could help with their search. Further to this their research found that 69% of borrowers …
We’ve seen the terms Equity Release and Lifetime Mortgage used interchangeably a lot recently. So we put this article together to clear things up for you. Put simply, Lifetime Mortgages are a particular type of Equity Release. Equity Release refers to a range of products available that let you access equity (cash) that’s tied up …
What’s the difference between equity release and a lifetime mortgage? Read More »
The cash tied up in your home could help you have the retirement you’ve dreamt about. A growing number of homeowners are approaching retirement asset rich and cash poor, luckily retirees can now tap into the funds in their home to help achieve their retirement goals. Whether it’s amazing holidays, treating your children or even …
Equity release has become highly popular in recent years. Those over the age of 55 can use equity release plans to free up cash from their homes to fund improvements, help out family and friends, clear outstanding debts or even purchase a home abroad. You will be pleased to know that equity release is fully …
Applying for equity release isn’t always a smooth process. There are a lot of options out there from multiple lenders, don’t limit yourself by not doing your research. Use a broker: When it comes to equity release we would always recommend using a broker. There is such a wide variety of products available that it …
How do you give your equity release application the best possible chances of success? Read More »
A question that’s important to ask about ANY form of loan. There are an increasing number of loan options on the market, which is making it harder for you as the buyer to know which one is the right one for your personal situation. A Help to Buy scheme, in short, works like this: – …
Not all care costs are state funded and it’s never too soon to start planning for your retirement. Forecasts show that, by 2037, one in four of the population will be 65 or over yet the same number mistakenly believe that all care is state-funded. Have you thought about how your care will be paid …
According to Zoopla, converting a loft would typically set you back around £20,000, while swapping the garage for living space would cost between £10,000 and £15,000. And while they’re usually cheaper than moving home completely, home improvements still need to be funded. There are a few options, including equity release which can be considered: 1. …
What are the best ways to fund home improvements? Read More »
