Equity Release

single bed in white room

Over-65s spend on average £10,400 on home improvements for retirement

One in three over-65s plan to make sure their home is ‘retirement ready’, according to new research from Key Retirement. Installing a downstairs bathroom, adding handrails and even having chair lifts put in are common changes being made to many homes in preparation for later life. Making these changes however is not cheap. One in …

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Why One In Three Use Equity Release To Clear Their Mortgage

Due to the fact that property values have risen over the long-term equity release is a good way for older homeowners to free up cash from their homes. Despite the recent rise interests rates are still historically low and borrowing against the equity in your home to free up cash is an increasingly popular way …

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piggy bank

First interest rate rise in 10 years adds to UK mortgage burden

The recent rise in interest rates from 0.25% to 0.5% could add an extra £22 a month to average variable interest rate loans. Not all banks have been clear about their plans yet and some may try to avoid or delay passing on the impact of the rate rise to savers. This would boost their …

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