Equity release has become highly popular in recent years. Those over the age of 55 can use equity release plans to free up cash from their homes to fund improvements, help out family and friends, clear outstanding debts or even purchase a home abroad. You will be pleased to know that equity release is fully […]
To avoid getting into trouble, or losing money, it’s vital to keep up to date with the latest law changes when it comes to Buy to Let properties. According to Accord Mortgages’ latest report: “Recent tax changes for Buy to Let properties have two major implications for landlords.” Firstly, landlords need to take the changes
Buy to Let landlords: Do you know what you need to know? Read More »
The cash tied up in your home could help you have the retirement you’ve dreamt about. A growing number of homeowners are approaching retirement asset rich and cash poor, luckily retirees can now tap into the funds in their home to help achieve their retirement goals. Whether it’s amazing holidays, treating your children or even
We’ve seen the terms Equity Release and Lifetime Mortgage used interchangeably a lot recently. So we put this article together to clear things up for you. Put simply, Lifetime Mortgages are a particular type of Equity Release. Equity Release refers to a range of products available that let you access equity (cash) that’s tied up
What’s the difference between equity release and a lifetime mortgage? Read More »
Did you use a broker last time you took out a mortgage? According to a recent study by Legal & General Mortgage Club, 31% of home borrowers are going direct to a lender and didn’t know that a mortgage broker could help with their search. Further to this their research found that 69% of borrowers
A national survey recently conducted by Which? found that over 1/3 of mortgage borrowers are unaware that a remortgage could save them money. In addition to this, they found that 25% are currently sitting on their lender’s standard variable rate (SVR), which means they’re probably paying more than they would be if they were to
When should I remortgage? Could it save me money? Read More »
Research carried out by the Equity Release Council found that single women over 55 accounted for 25% of new equity release (including lifetime mortgages) agreements. This was an increase of 50% compared with figures from 2017. According to Canada Life Home Finance lifetime mortgages are growing in popularity amongst women in order to ensure a
Why are more women interested in lifetime mortgages? Read More »
Taking out a Lifetime Mortgage is a big decision, which is why it’s always worth talking to a mortgage advisor to make sure you choose a route that’s best for you. A Lifetime Mortgage could free up equity for you from your home without you having to downsize. Lifetime Mortgages have become a popular way
What should I ask my mortgage advisor about Lifetime Mortgages? Read More »
A remortgage is where you take out a new mortgage, often with a different lender, on a property that you already own. Typically this will replace your existing mortgage or will allow you to borrow money against your property. Remortgaging can save you a lot of money so it’s always advisable to stay on top
The FCA released a press release on Friday 22nd May 2020, any these impact you and do you need to speak to someone? Customers who can afford to return to full repayment should do so in their best interests – at the end of a payment holiday, firms should contact their customers to find out
FCA’s Press Release on Mortgage Payment Holidays Read More »