Equity release and steady house prices in the UK mean a surge in equity release plans industry figures from Key Later Life Finance, an equity release company, showed that sales of equity release plans surged 21.4% in the first quarter of the year compared to the same point in 2021. The va
Alongside all the grief and sadness that comes with losing someone close to you, there’s a lot of official business to deal with too. It’s never nice having to sort these things out, but unfortunately, it’s something that has to be done, especially if you’ve been nominated
Think you’re too old to take out a loan and buy property in a new neighbourhood? Think again. You see, individuals 55 years old and up have access to something called reverse mortgages. Also known as equity release mortgages, these loans allow you use your current property’s equity as
A re-mortgage, does not normally involve moving house or even taking a home equity loan on the house you currently reside in. A re-mortgage is when you have a mortgage out on a property and you decide to switch to a different product. This often involves changing the lender whom you currently hold
Getting a mortgage is much harder than it used to be. House prices are astronomically higher than they were 20 years ago, meaning you need a much larger deposit. Lenders are still reluctant to give out such large sums of money unless they can be absolutely certain they will be getting it back, so ev
A mortgage is the biggest financial commitment a person is likely to have in their life. The amount of money paid over the lifetime for a mortgage is huge, as you would expect in buying a home, so it makes sense to look for ways to reduce the amount of money being spent on the mortgage and the len
New reports from LMS, revealed that in May, over half of those who decided to re-mortgage did so to take advantage of the good rates available to reduce their mortgage rate.The survey showed that 32 percent were able to lower their monthly costs by about £500, while the percentage of people
Designed for people aged 55 and over, the flexible lifetime mortgage it is partly responsible for equity release sales rocketing by 36% since 2013. It is ideal if you own your property, are asset-rich and want to access to this wealth in a flexible, safe way without having to sell you
The number of UK mortgages in serious arrears is at its lowest level since the global economic crisis of 2008. For lenders, buyers and homeowners alike this can only be good news; the housing market is recovering and people are regaining the financial stability they need to maintain their monthly mo
The reasons to invest in a mortgage broker are innumerable. The problem is always in succinctly explaining exactly why a mortgage broker is not a costly and superficial expense when purchasing a home, but can actually save home buyers money. Most simply, people do not always realise
