by Mike Jones | Oct 8, 2024 | Equity Release, Later Life Lending
With potential pension reforms on the horizon, such as possible changes to the 25% tax-free pension lump sum, many retirees are reassessing their financial security. This tax-free perk has been a cornerstone of retirement planning for millions, allowing individuals to... by Mike Jones | Sep 13, 2024 | Equity Release, Later Life Lending
Retirement Interest-Only (RIO) mortgages are becoming an increasingly popular solution for older borrowers looking for flexible, manageable financial options in later life. With a RIO mortgage, you only pay the interest on the loan each month, and the full loan amount... by Mike Jones | Jul 13, 2024 | Later Life Lending
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 pension income.... 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 | Jun 18, 2024 | Later Life Lending
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 often...