Mewstone Unplugged Blog
Read our blog posts to learn more about how Mewstone can help you with your borrowing needs
How a Retirement Interest Only Mortgage Can Help Borrowers Over 50 Buy a Property
As individuals approach retirement age, the financial landscape can change significantly. For many over 50, securing a mortgage to buy a property can seem like a daunting task, especially when considering the transition from employment income to...
The Crucial Importance of a Follow-Up Meeting After Arranging Equity Release
As a later life lending specialist, I will always meet with my clients post-completion as part of my service to them. In this blog post, I break down the advantages of this approach and give 3 reasons why this benefits my clients financial...
What is Joint Borrower Sole Proprietor and how can it help me?
Buying a home is a significant milestone for many individuals, but for some, it can be challenging to secure a mortgage on their own due to various reasons such as a lack of income or credit history. However, there is a solution that can help these...
The fall of interest only mortgages
Interest-only homeowner mortgages fell by 5.4% to 664,000 last year compared to 12 months before, the latest data from UK Finance reveals. Interest Only mortgages are declining in numbers year on year. This means that borrowers who may have...
How Can Equity Release Help With Unsecured Debts?
Debt is becoming a growing concern for UK adults approaching retirement, with 48% of over 55s having ‘some sort’ of outstanding debt. As we age, many of us find ourselves facing financial challenges that were not as prevalent in our younger years....
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...
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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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