Tag: Lifetime Mortgage
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Livemore Announces Cheaper Rates to Unlock Your Home’s Value
If you’re over 55 and have a bit of equity tied up in your home, you might be interested in this news! LiveMore, a company that offers special mortgages for older homeowners, has just reduced their rates. This means you could unlock more of your home’s value and use it for things like topping up…
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No More Repayment Fees on More2life Lifetime Mortgages!
Good news for those approaching retirement age! More2life, a leading provider of lifetime mortgages, has introduced a new product called Maxi Zero ERC. This game-changing product lets you borrow money against your home without worrying about early repayment charges (ERCs). That means you can repay your loan early without paying any extra fees. Why is…
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Record Property Wealth for Over-55s
The value of homes in the UK has been on the rise, and that’s good news for homeowners, especially those approaching retirement. According to the Equity Release Council, the total value of property equity in the UK has hit a record high of £5.7 trillion. That’s more than the £5.6 trillion reached back in mid-2022,…
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Retirement Loans Take a Dip – What Does It Mean for You?
New figures have been released that show a drop in the number of people taking out later life loans, which are designed to help us make the most of our homes in retirement. The data comes from UK Finance, which keeps track of how much money is being loaned out. They found that in the…
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Unlocking Your Home’s Value – How Equity Release Can Help You Go Green
Are you thinking about retirement and how you can make your home more energy-efficient? Well, you’re not alone! Many people are looking at ways to lower their energy bills and make their homes more comfortable. And now there’s a new way to do it, combining equity release with home improvements. Equity release is a popular…
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Good News for Over-50s – Mortgage Rates Just Got Cheaper!
Are you looking to buy a new home or remortgage, but worried about rising interest rates? Well, there’s some good news for those of us over 50. LiveMore, the mortgage lender that specialises in borrowers aged 50 to 90-plus, has just slashed their mortgage rates. The biggest reductions are on the longer-term fixed rates, giving…
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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…
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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,…
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Phil Spencer Explains Retirement Interest Only Mortgages
In a new video on his MoveIQ Youtube channel, UK property expert Phil Spencer explains what Retirement Interest Only (RIO) mortgages are, how they work, and their pros and cons. Here’s our summary… Is a Retirement Interest Only Mortgage Right for You? Are you over 55 and thinking about using the value of your home…
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Don’t Be Fooled! 5 Equity Release Myths Busted
Retirement can be a time to enjoy your hard-earned savings, and maybe even treat yourself to something special. But if you’re thinking about using your home to unlock some extra cash, you need to be careful. Equity release is a complex product that can be helpful, but it’s not right for everyone. There are a…