Pension Loans

Tag: Equity Release

  • Can a Pensioner Get a Mortgage to Buy a House?

    In an era where financial possibilities are ever-expanding, age is no longer a barrier to the ambitions of property ownership. This rings especially true for pensioners eyeing the real estate market, whether for relocation, investment, or simply a change of scenery. Upsizing in the Golden Years Imagine being 75, comfortably settled in your home on…

  • Remortgaging Options for Retirees

    Navigating through the various financial options available for home improvements can be a daunting task, especially for retirees who might be out of the loop on current financial products. A WhatMortgage reader, a 68-year-old retiree, reached out for advice on possible remortgaging options to fund an extension and refurbishments for their £340,000 home. Their finance…

  • The Rising Role of ‘Bank of Family’ in UK Housing Market

    At least one in five parents in the UK are unlocking the wealth tied up in their homes to help young family members onto the property ladder, according to a recent research conducted by Legal & General. Unleashing Property Wealth: Parents Lending a Hand Dubbed the ‘Bank of Family’, this group holds a whopping £3.5…

  • Cost-of-Living Crisis: The Plight of Older Homeowners

    Today, a large number of homeowners are battling the rising tide of expenses. How is the cost-of-living crisis affecting those on the brink of retirement or already in their twilight years? Key Findings: The Impact on Homeowners Aged 50-70 Recent research by LiveMore shines a light on the financial distress many homeowners between the ages…

  • Cash Crisis Hits UK Retirees: One in Five Left with Insufficient Funds

    A recently published report has revealed a startling truth about the financial health of people in their golden years. Approximately one in five retirees in the UK is facing a frightening reality — their pension funds are just not enough. Concerns run high as millions of seniors fear a potential dip in their quality of…

  • A Third of UK Homeowners May Still Have Mortgages After 65

    A new study from financial services group LV= has revealed that around one-third of UK homeowners with mortgage loans expect to still be paying off their mortgages after they turn 65. This data comes from the LV= Wealth and Wellbeing Research Programme, which surveyed 4,000 UK adults. The findings also show that 10% of retirees…

  • Alternatives To Selling Your Pension Annuity

    As we reported previously, the Government has abandoned plans for a market that would allow people to sell their pension annuity. If you were hoping to raise money that way, what are your alternatives now? The Daily Mail has an article offering some helpful suggestions. They basically boil down to 2 options – Equity Release,…

  • Don’t Use Property As A Pension?

    The Chairman of the FCA has warned that people should not rely on their property to fund their retirement. Andrew Bailey said that the idea was unwise, as returns are uncertain over the long-term. The Telegraph reports – “Mr Bailey also raised caution over using property to fund a pension by taking out an equity…