by Mike Jones | Jun 26, 2024 | Later Life Lending
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... 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 29, 2024 | Later Life Lending
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 them with a lump...