Could Equity Release be the answer to interest only mortgages?

For homeowners with an interest-only mortgage, these can be worrying times. Many will not have a repayment plan and could be looking at an uncertain financial future. The worst affected are people coming up to retirement. They are likely to have taken out an endowment plan which was designed to repay the capital amount of [...]

2019-03-18T15:35:51+00:00 February 25th, 2019|News|

Unable to repay your interest only mortgage? A lifetime mortgage may help.

The Financial Conduct Authority (FCA) recently estimated that there are around 2.6 million people with interest-only mortgages in the UK. These figures excluded buy-to-let mortgages. To help with this mortgage companies are coming up with some creative solutions. For many, equity release is still the best and most flexible solution. So what is equity release? [...]

2018-06-12T09:55:53+00:00 June 11th, 2018|News|

Mortgage borrowing into retirement. Should you?

Over the last few years, mortgage lenders have become more amenable to older borrows who are moving into retirement. We have seen mortgage rates improve and there's now greater flexibility in the products available. Traditional mortgage lenders are now will to extend the borrowing term of the mortgage beyond state pension age. The requirement that [...]

2018-04-13T14:20:02+00:00 April 30th, 2018|News|

Interest only mortgage? What are your repayment options?

Many people may struggle to repay their interest-only mortgage when it comes to the end of its term. A large number of interest-only mortgages were sold in the 1990’s and early 2000’s. They were often linked to endowment savings plans. These plans were designed to generate a tax-free lump sum to repay the mortgage. Some [...]

2018-08-22T16:23:03+00:00 August 28th, 2017|News|