Pension Loans

Tag: Lifetime Mortgage

  • Can a Parent Remortgage to Help Their Child Buy a House?

    Many parents are pondering over ways to help their children step onto the property ladder. One such story features in the Daily Mail, where a father keen on making their daughter’s home-ownership dream a reality, asks for advice about remortgaging his house. A parent, owning a home valued at around £600,000 outright and with the…

  • UK Homeowners Tap into Equity to Ease Debt Burden

    A staggering 72% of the equity released from homes in 2023 was allocated to paying off mortgages and other debts. This figure, reported by Key Later Life Finance, marks a significant increase from 67% in the previous year, highlighting a growing trend among homeowners to leverage their property’s value for financial relief. Debt Repayment Takes…

  • New Lifetime Mortgage Option Bridges the Gap for Pre-Retirees

    More2life has introduced the Flexi Payment Term lifetime mortgage (Flexi PTLTM). This innovative product is strategically designed to serve as a middle ground between traditional full interest-servicing mortgages and complete roll-up lifetime mortgages, aiming to provide a more tailored financial solution for homeowners. The Flexi PTLTM targets homeowners aged between 55 and 62, offering 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…

  • 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…

  • Standard Life’s New Lifetime Mortgage Offer

    Standard Life Home Finance has announced a new initiative that could see customers saving money on their mortgage payments. The company is introducing a novel approach to equity release, aiming to provide more flexible and financially rewarding options for its customers. This move is especially tailored to those in their later years, offering a blend…

  • Equity Release in 2023 – A Year of Caution and Shrinking Loans

    The world of mortgages and equity release saw a shift in 2023, marked by a substantial reduction in activities. As interest rates climbed, borrowers and financial advisers across the UK adopted a more cautious stance, significantly impacting the equity release market. This cautious approach, influenced by the rising interest rates, has led to a notable…

  • Legal & General Revamps Lifetime Mortgage Pricing

    Legal & General Home Finance is shaking up the world of lifetime mortgages with its groundbreaking new pricing strategy. Tailor-made to suit each customer’s unique financial situation, this approach promises to deliver the best possible rates, a boon for homeowners looking to tap into their property’s wealth. Gone are the days of one-size-fits-all mortgage rates.…

  • Considering Equity Release? Some Things You Need to Know

    In 2024, with the housing market constantly evolving, more and more people over 55 are turning to equity release as a viable option for financial flexibility. However, it’s not a decision to be taken lightly. Here’s a breakdown of the six essential things you need to know before diving into the world of equity release.…

  • Brits Use Home Equity for Dream Holidays Despite Economic Uncertainty

    An increasing number of older UK homeowners are turning to lifetime mortgages to fund their dream holidays, despite the ongoing economic challenges. Recent data from Pure Retirement, a leading “later life” lender, reveals a fascinating snapshot of how people are utilising lifetime mortgages today. These mortgages, typically used by older homeowners, allow them to release…