Pension Loans

Tag: More2life

  • 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…

  • Pensioners Stuck with Peanuts While House Prices Soar!

    While house prices have been rocketing, pension incomes have barely budged, leaving many older Brits struggling to make ends meet. A new report by more2life has revealed the stark reality of pension incomes compared to house price growth. Over the last decade, average weekly pension income has only increased by a measly 1% after inflation.…

  • Pensioner Borrowing Drops as Economic Pressures Mount

    The latest data from UK Finance reveals a decline in the total value of new loans issued to older borrowers, totalling £4.3 billion in the first quarter of the year. This represents an 8.5% decrease from the same period last year. Specifically, the number of new loans given out fell to 28,840, marking an 11.7%…

  • Unlocking Cash from Your Home? New Deals Aimed at Over-50s!

    Equity release lenders are rolling out innovative mortgage options specifically designed for Generation X — those of us in our 50s and early 60s. But what does this mean for homeowners looking to unlock the value tied up in their bricks and mortar? Traditionally, if you took out a lifetime mortgage — a common way…

  • New Lending Trend – Shift in Equity Release Mortgages

    A significant change is emerging in the way lifetime mortgages operate. Traditionally, these mortgages have allowed borrowers to defer payments until death or entry into long-term care. However, the financial turbulence of late 2023, marked by soaring interest rates, has led lenders to rethink their strategies. In this article, we look into why equity release…

  • 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…

  • How the Cost-of-Living Crisis Impacts Older Homeowners

    The cost-of-living crisis has been a recurring topic in UK headlines. While much has been said about how it affects new homeowners, the older generation hasn’t received as much attention. So, what does this mean for our older homeowners? According to Ben Waugh, Managing Director of more2life, the cost-of-living crisis is significantly affecting older homeowners,…