What is a Drawdown Lifetime Mortgage?

As retirement approaches, financial planning becomes increasingly crucial. For many homeowners, especially those who are asset-rich but cash-poor, equity release schemes like drawdown lifetime mortgages offer a valuable solution. This blog post will explain how...

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 historically taken an...