Pension Loans

Category: Uncategorized

  • How To Save Thousands on an Equity Release Loan

    Are you worried about having enough money to live comfortably in retirement? You might be able to unlock some of the value of your home, and even save thousands in the process. Equity release lets homeowners over 55 borrow money against the value of their property. This way, you can access cash without having to…

  • Pension Tax Nightmare: Millions in Overpayments

    HMRC, the government department that collects taxes, has had to refund £57 million to people who were wrongly charged on their pension withdrawals in the last three months. This means they’ve handed back over £1.3 billion since 2015! Why Are People Being Overcharged? The problem stems from the way HMRC calculates tax on pension withdrawals.…

  • Downsize and Save? Tax Break Could Help You Move to a Smaller Home

    Are you thinking about downsizing but worried about the hefty stamp duty bill? You’re not alone! New research from the Suffolk Building Society shows that 60% of homeowners would be more likely to move to a smaller property if there was less stamp duty to pay. Downsizing: A Growing Trend The study found that 15%…

  • Pensioners Facing Freezing Winter as Fuel Payments Cut

    Many pensioners are facing a tough winter ahead as the government has decided to cut winter fuel payments for millions of people. This means they’ll have to dig deeper into their pockets to stay warm, and experts are warning of serious consequences. The government is now only giving winter fuel payments to pensioners who are…

  • Confused About Your Borrowing Options? You’re Not Alone!

    Many older homeowners are feeling lost when it comes to their finances, according to a new study. The Equity Release Council (ERC) found that a third of homeowners over 55 are confused about their options for later life. The good news is that many people are turning to online resources for help. The ERC study…

  • Buckinghamshire BS Has a New RIO Mortgage for You!

    Are you approaching retirement and concerned about rising interest rates? Buckinghamshire Building Society has just launched a new mortgage specifically designed for people like you. It’s called a “Retirement Interest-Only” (RIO) mortgage, and it could offer some peace of mind in these uncertain times. What’s a RIO Mortgage? A RIO mortgage is a type of…

  • Retirement Worries Keep Pensioners Up At Night!

    It might seem like many pensioners are sitting on a goldmine, with the average over-55 homeowner owning £311,000 worth of property. But new research shows that the reality is a lot bleaker. Many are worried about making ends meet in retirement, despite owning their homes outright. Homes Full of Equity, But Empty Pockets? The research,…

  • Pensioner Crisis – Winter Fuel Cut Leaves Many Facing Cold, Hard Reality

    As winter approaches, many pensioners are facing a cold, hard reality. The government’s decision to scrap Winter Fuel Payments for most older people, combined with rising costs, means many are struggling to make ends meet. The government has announced that the Winter Fuel Payment, worth up to £300 a year, will no longer be given…

  • Good News for Over 50s! Hodge Cuts RIO and Mortgage Rates Again

    It’s good news for people over 50 and those approaching retirement, as Hodge has cut interest rates on its mortgage products for the second time this month! This means you could save money on your monthly mortgage payments, putting more cash in your pocket. What’s Changed? Hodge has lowered rates on a range of two…

  • Grey Mortgage Mountain – Millions of Over 50s Face Retirement Debt Nightmare

    Experts are issuing stark warnings as a record number of over 50s are turning to risky mortgages and remortgages to chase cheap deals. New data reveals a worrying trend of older homeowners taking on massive debt that could spill over into their retirement. This rush to remortgage is being fuelled by the cost-of-living crisis and…