by Mike Jones | Jun 11, 2024 | Later Life Lending
Today, the “Bank of Family” is impossible to ignore. According to the Office for National Statistics, today’s full-time employees expect to spend around 8.3 times their annual earnings to buy a home. And our research shows help from parents, grandparents... by Mike Jones | Jun 6, 2024 | Later Life Lending
When considering a lifetime mortgage, one of the key features to look out for is the no negative equity guarantee. This guarantee ensures that you or your beneficiaries will never have to pay back more than the value of your home, even if the outstanding loan amount... by Mike Jones | Jun 4, 2024 | Later Life Lending
One of the most common questions my clients ask me about equity release is “can I make payments towards the interest?” Equity release mortgages can be a valuable financial tool for borrowers over 55 looking to access the equity in their homes. By taking... by Mike Jones | May 30, 2024 | Later Life Lending
Repaying an interest-only mortgage can be a daunting task, especially if you’re over 50 years old and facing limited options. Many people in this situation may find themselves unsure of what steps to take next. Here, we’ll explore some of the options... by Mike Jones | May 30, 2024 | Later Life Lending
A retirement interest only mortgage is a type of mortgage specifically designed for older homeowners who are retired and looking to release equity from their homes. With this type of mortgage, borrowers only pay the interest on the loan each month, with the capital...