Tag: Lifetime Mortgage
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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…
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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…
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Over 50s Distrust Financial Firms
In the ever-evolving landscape of finance, trust is paramount. Yet, a recent discovery reveals that a significant proportion of people aged 50 and above have reservations about financial service providers. Trust in Numbers According to a survey conducted by LiveMore, 59% of those between the ages of 50 and 79 harbour mistrust towards financial service…
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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…