If you’re dreaming of a holiday home in the sun equity release is one option that could help you fund the purchase. ‘According to the Equity Release Council, older homeowners unlocked a record £971m from their homes in the second quarter of 2018. More people than ever are using their property wealth to fulfil their […]
How can I use equity release to buy a holiday home abroad? Read More »
Your credit rating is based on your information only. Where you live, your neighbours and past tenants of your home will not affect your ability to get credit. How often you move will also not affect your credit score. What can affect your ability to gain credit is the way credit reference agencies report your
A good credit history gives you a good credit score which means you should have easy to access to credit, doesn’t it? In a way, yes, but you may be surprised at how much of a role your credit ‘score’ actually plans when it comes to gaining access to credit. Although your credit score does
What’s More Important: Your Credit Score or Report Data? Read More »
Remortgaging is when you take out a new mortgage on a home you already own. This allows you to replace your existing mortgage with something better or to borrow money against your property. There are a number of reasons that you may want to remortgage: Your current deal is about to end. You may be
Although life insurance is not compulsory for mortgage holders, it’s highly recommended to make sure the mortgage is paid off should the policy holder pass away. According to Compare The Market, just 30% of UK adults have life insurance cover which equates to 8.1 million households. Significantly less that the number of mortgaged properties in
Millions of mortgage holders without life insurance Read More »
If you’re over the age of 55 and looking to free up cash from your property to fund home improvements, help out family/friends or clear outstanding debts you might be looking at equity release. Last year, homeowners withdrew over £3bn through equity release products, according to data from the advisers Key Retirement. Sales of equity
An increasing number of lenders have been lining up to release a new wave of home loans that let older borrowers take out interest-only mortgages. Retired borrowers can now remortgage their interest-only loan when it comes to an end – using the sale of their property as a means of repaying the debt. This can
Lenders are offering retirement interest-only mortgages Read More »
Equity release schemes have increased in popularity throughout 2018 and if it’s something you’re considering here are 10 things you should know: You can stay in your home as long as you wish With most schemes you can move home if you choose and transfer the plan to your new property. The new property however
Equity release schemes 2018: 10 Things you need to know Read More »
The latest results from a BDRC Continental’s Landlord Panel survey show that mortgaged Buy To Let landlords generate an annual gross rental income which is significantly higher than that of unencumbered landlords (£72k vs £48k). Each quarter BDRC Continental carry out their Landlord Panel survey, where they ask landlords to indicate their annual gross rental
Stay up-to-date with the latest buy-to-let research Read More »
If you’re an employer you’re in a unique position to offer help to your employees so that they can manage their finances better. There are also certain incentives that can provide tax breaks for you as an employer. Some of the things you can do for your employees are: Invite experts such as your pension
How you can help your employees manage their finances better Read More »