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 | 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... 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... by Mike Jones | May 29, 2024 | Later Life Lending
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 when 57 per cent of...