Category: Uncategorized

  • LiveMore Cuts Lifetime Mortgage Rates

    LiveMore, a leading provider of later life lending, has announced a reduction in its mortgage rates. The company has trimmed rates across all its later life mortgage products, including retirement interest-only (RIO) mortgages, which have seen a reduction of 0.25%. This adjustment is poised to make a considerable difference for retirees looking to manage their…

  • Mortgages Stretching into Retirement A Growing Trend

    Nearly half of all new mortgage borrowers in the UK are now facing a future where they’ll still be making payments well into their retirement years. This dramatic shift in the housing and lending landscape has sparked concern among experts and officials alike, signaling a potential for long-term financial strain on homeowners and the market.…

  • The Looming Global Retirement Crisis – A Call to Action

    The head of one of the world’s largest investment firms, Blackrock, has sounded the alarm over a looming retirement crisis. With populations living longer but struggling to afford their extended years, the future of retirement is looking increasingly precarious. Larry Fink, the CEO of Blackrock, has raised concerns in his annual letter to investors about…

  • Unlocking Cash from Your Home? New Deals Aimed at Over-50s!

    Equity release lenders are rolling out innovative mortgage options specifically designed for Generation X — those of us in our 50s and early 60s. But what does this mean for homeowners looking to unlock the value tied up in their bricks and mortar? Traditionally, if you took out a lifetime mortgage — a common way…

  • Beware of the Invisible Thief – Inflation’s Impact on Your Wallet

    Recently, inflation has not just been a term thrown around in economic discussions; it’s made its way to the headlines, affecting everyone’s life in a very tangible way. Specifically, the UK witnessed its highest inflation rate in over four decades back in October 2022, hitting a staggering 11.1%. And while there’s been a slight dip…

  • Tories Vow to Keep Pension Promise – Triple Lock Safe Until 2030

    Chancellor Jeremy Hunt has confirmed the Conservative Party’s commitment to maintaining the state pension triple lock, a pledge that is now a cornerstone of their upcoming election manifesto. This announcement has stirred the political pot, with Labour insiders hinting that their party is likely to follow suit to secure the coveted “grey vote.” The Triple…

  • Stamp Duty Stalemate – Why Brits Aren’t Downsizing

    A significant slump in downsizing has been blamed on the hefty charges of Stamp Duty and Inheritance Tax, casting a long shadow over the dreams of many homeowners wishing to scale down in their later years. At the forefront of the dilemma is Stamp Duty Land Tax (SDLT), a levy that has become a formidable…

  • Royal London’s New Equity Release Options

    Homeowners across the UK now have two new avenues to tap into the wealth tied up in their homes, thanks to the launch of Royal London Equity Release’s latest offerings. Royal London Equity Release, in collaboration with Responsible Lending, is introducing two new lifetime mortgage products: the Principal and Efficiency Plus plans. Both products come…

  • New Lending Trend – Shift in Equity Release Mortgages

    A significant change is emerging in the way lifetime mortgages operate. Traditionally, these mortgages have allowed borrowers to defer payments until death or entry into long-term care. However, the financial turbulence of late 2023, marked by soaring interest rates, has led lenders to rethink their strategies. In this article, we look into why equity release…

  • Rethinking Retirement – Interest-Only Mortgages for the New Age

    The retirement situation in the UK is shifting dramatically, presenting new challenges and opportunities for those nearing retirement age. With people living and working longer, the traditional notion of retiring at 60 is becoming increasingly outdated. This change is largely driven by various socioeconomic factors, such as the rising age of first-time homebuyers and parents,…