Pension Loans

Tag: Lifetime Mortgage

  • New Lifetime Mortgage Option for Over-50s

    Legal and General Home Finance has unveiled a pioneering financial product specifically designed for those over 50 years old: the Payment Term Lifetime Mortgage (PTLM). This innovative offering stands out as it targets individuals whose interest-only mortgage deals are nearing their end. What makes the PTLM truly unique is its break from the traditional requirement…

  • Rising Living Costs Push 9 in 10 People Considering Equity Release

    In a significant shift driven by the escalating cost of living, an overwhelming majority of Britons who are now considering equity release, are primarily doing it to manage their daily expenses, rather than for aspirational reasons. This trend marks a stark change from just two years ago, highlighting the deep impact of the current economic…

  • Over-50s Unlocking Home Wealth to Beat Inheritance Tax!

    In recent times, an increasing number of over-50s in the UK are turning to equity release mortgages as a savvy financial strategy. These plans are not just a means to reduce inheritance tax bills, but also a way to fund home improvements and clear existing mortgages. Despite relatively high interest rates, financial planners are observing…

  • Equity Release Market Springs Back to Life After a Year in the Doldrums

    In a welcome sign of resilience, the equity release market in the UK is showing signs of life after what seemed like a yearlong slumber. For the first time in a year, there’s a bit of a buzz with an increase in both the number of new customers flocking to equity release and the total…

  • Considering Equity Release? Here’s What You Need to Know About Repayments

    Are you nestled comfortably in the golden years of life but your pension pot seems more like a penny jar? If you’re sitting in a mortgage-free home and thinking about how to fund your lifestyle, equity release might just be a topic popping up on your radar. Well, WhatMortgage’s expert wrote about the nitty-gritty of…

  • Why People are Unlocking Home Equity: A Balance of Dreams and Needs

    Older homeowners are finding innovative ways to utilize their biggest asset – their house. Pure Retirement, a prominent figure in the lifetime mortgage market, has shed light on how individuals are using their equity in a recent report. This insight offers a fascinating glimpse into the duality of human financial behavior, teetering between aspirational dreams…

  • Unlock Cash Without Equity Release

    If you’re a pensioner looking to raise money and considering equity release, hold that thought! There are alternative ways to get your hands on some extra cash. Lovemoney suggests five options you might not have considered. What’s Equity Release? Before we get into those enticing alternatives, let’s remind ourselves about equity release. It’s becoming increasingly…

  • UK Homeowners Battle Debt and Dive into Equity Release

    Homeowners across the UK are swimming against the tide, grappling with mounting mortgage debts while cautiously using their properties to unlock essential funds. According to the Equity Release Council (ERC), the nation’s homeowners are clearing away mortgage debts at a record rate. We’re talking figures that boggle the mind – over £21 billion every quarter…

  • UK Homeowners Tread Carefully with Lifetime Mortgages

    The UK’s homeowners are exhibiting new trends in handling their mortgages, especially lifetime mortgages, during these economically challenging times. The Equity Release Council’s report sheds light on these patterns, highlighting a cautious approach by many. But what does this mean for the average homeowner, and how does this play into the larger economic scene? Let’s…

  • 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…