Who Offers The Best Lifetime Mortgage?
Lifetime mortgages have now become the most popular type of equity release scheme. They are defined as mortgages where people over the age of 55 can release cash through the value of the equity within their main residence. Customers can look for the best lifetime mortgage to suit their lifestyles depending on their financial objectives […]
How An Interest Only Lifetime Mortgage Provides a Safety Net For Retirees
When you are reaching retirement you may start to worry that your mortgage has not been paid off yet. This becomes increasingly stressful as you enter retirement as lenders are now demanding to be repaid quickly and most often before reaching 70 years of age. As you are retired you may not have the capital […]
Using Equity Release Calculators
Equity release schemes are a way for home owners over the age of fifty-five to borrow money against the current value of their home. Unlike conventional repayment mortgages, equity release requires no regular monthly payments, so there is no qualification criteria for your income. You are guaranteed the right to live in your home for […]
How Does Equity Release Work for Enhanced Plans?
There is good news for people suffering from some serious ailments because if you have a bad health condition it makes you eligible for enhanced equity release plans. This means you are entitled to borrow more cash from an equity release plan as opposed to what a healthy person is entitled to borrow against the […]
Ways of Releasing an Extra Income in Retirement
We already appreciate the fact that living comfortably after retirement is far from the norm. The vast majority of pensioners unfortunately struggle to make ends meet and when they have worked for many decades and usually looked forward to a relaxing retirement, it is such a shame that this rarely transpires to be the case. […]
Obtaining Equity Release Advice to Finance a Vacation
Many people spend their entire life working hard to make sure that they have a financially secured retirement and a house of their own. Most of them make sacrifices to ensure this as well as making sure that their children have the right upbringing and the best education. Raising their children and paying for their […]
How to Release Equity
Equity refers to the value locked up in your home or property. The release of this equity means that you can get additional income by claiming back some of the equity invested in your property. Equity releases are offered to people over the age of 55 who may be retired and lack the financial security […]
How Retirement Loans for the Over 55s are Becoming Big News
Once you are over 55 one of your biggest worries is your retirement. Should retirement be just around the corner for you then you may need to look for ways to keep the income coming in so that you need not compromise on your lifestyle. Equity release loans are one of your best bets, since […]