Pension Loans

Category: Uncategorized

  • UK’s Older Borrowers Face Mortgage Meltdown

    The UK has witnessed a significant decline in mortgage lending to older borrowers, notably those over the age of 55. This group has been particularly hard-hit by an affordability crisis, spurred on by soaring interest rates and escalating house prices, leading to a substantial decrease in the number of new mortgages being taken out. A…

  • Unlock Your Pension’s Potential – A Guide to Savvy Retirement Investing

    The UK has witnessed a significant overhaul in pension regulations, offering retirees unprecedented control over their retirement funds. Gone are the days of being funneled into purchasing annuities that often offered limited returns. Now, individuals can steer their retirement savings into more dynamic investment avenues, aiming for greater growth and flexibility. However, this newfound freedom…

  • New Proposal Suggests We Should be Able to Borrow From Pensions

    The Resolution Foundation, a leading think tank, has unveiled a groundbreaking proposal aimed at reshaping how Britons save for the future. Amidst growing concerns over the nation’s financial preparedness, this innovative plan promises to offer a lifeline to households struggling to juggle their immediate financial needs with long-term retirement goals. The Savings Struggle British families…

  • UK Economy Hits Recession – What It Means for Your Wallet

    The UK has officially entered a recession as of late 2023, sparking concerns and questions about what this economic downturn means for the average person’s finances. With official figures from the Office for National Statistics indicating a shrinkage in the Gross Domestic Product (GDP) by 0.3% in the last quarter of the year, it’s clear…

  • The Power of Downsizing Your Home

    In a recent study, it’s been highlighted that downsizing your home can significantly boost your retirement funds, thanks to the long-term growth in UK property prices. However, this financial benefit varies widely across the country, revealing a north-south divide in potential gains. A Golden Opportunity for Retirees For those without a mortgage, moving from a…

  • New Safeguards for Equity Release Customers

    The Equity Release Council, a key body in the UK housing finance market, has announced a significant update to its standards and is embarking on an extensive review to enhance consumer protections for those looking to access their home equity. This move promises greater confidence and security for homeowners considering equity release as a financial…

  • Safeguard Your Golden Years – Sidestep this Hidden Pension Pitfall

    There is a lesser-known danger that could significantly erode the value of your pension pot, especially during the initial years of your retirement. Known as ‘pound cost ravaging,’ this threat can lead to a triple jeopardy scenario for retirees: a decrease in the overall value of their pension fund, compounded losses from withdrawals, and a…

  • State Pension Savings Slipping Away?

    Alarming figures suggest the cash reserves meant to fund our golden years could be bone dry in a mere two decades. This stark revelation from the Government Actuary Department (GAD) is a wake-up call for anyone banking solely on government support for their retirement. The heart of the matter lies in the National Insurance Fund,…

  • Pure Retirement’s New Lifetime Mortgage Options

    Pure Retirement, a key player in the mortgage industry, has revitalised its approach to lifetime mortgages, particularly focusing on high loan-to-value (LTV) options. With the latest updates, homeowners, especially those aged 70 and above, can now access a larger portion of their home’s value than was previously possible. Special 3 – A New Wave of…

  • UK’s Financial Confidence Hits a New Low – Nearly Half Feel Uncertain About Their Future

    In a revealing study by the Equity Release Council, it’s emerged that a staggering 46% of Britons are now uneasy about their financial prospects, marking a significant leap from 35% in 2021. We look at the key findings from the Council’s latest Home Advantage study, supported by Canada Life and Equity Release Supermarket, which surveyed…