Mewstone Unplugged Blog
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I don’t want to lose my home by taking Equity Release
One of the most common myths I hear is clients who tell me "I don't want to lose my home" When it comes to planning for retirement, many homeowners may consider equity release as a potential option to access some extra funds. However, there are...
How can the Bank of Mum and Dad help you buy your first home?
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,...
What is the no negative equity guarantee?
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...
Can I make payments on an equity release mortgage?
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...
Question: What Can I Do To Repay My Interest Only Mortgage?
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...
What is a Retirement Interest Only Mortgage?
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,...
What is Equity Release?
Equity release is a financial product that allows individuals aged 55 and over to unlock the value of their property without having to sell it or move out. It is essentially a way for homeowners to access the wealth tied up in their home, providing...
Three in five homeowners looking at equity release for later life
More than three in five (61 per cent) homeowners are looking at releasing money from their home in later life, findings from the Equity Release Council have revealed. The research, which surveyed 5,000 UK adults, found this had increased from 2021...
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Mewstone Mortgage Advice LTD (FCA ref 947355) is an appointed representative of New Leaf Distribution LTD (FCA ref 460421) which is authorised and regulated by the financial conduct authority (FCA).
New Leaf Head Office Garfield House, 165-167 High St, Rayleigh SS6 7QA. Co registration Number 5520001.
Mewstone Mortgage Advice LTD Head Office: 22 Barton Brake, Wembury, Plymouth, Devon PL9 0BJ Co registration Number 12959322
Your home is at risk if you fail to keep up payments on your mortgage or any other loans secured against it.
Buy to Let mortgages and Commercial Lending are not usually regulated by the Financial Conduct Authority.
Equity release may involve a lifetime mortgage which is secured against your property or a home reversion plan which requires the sale of property for a discounted price. To understand the features and risks, ask for a personalised illustration. You only continue to own your own home with a lifetime mortgage.
Equity release may impact the size of your estate and it could affect your entitlement to current and future means-tested benefits.
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