Tag: Retirement Interest-Only
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Marsden Increases Amount Older Homeowners Can Borrow
Marsden Building Society, a well-known lender for those approaching retirement, has just made it easier than ever to get a mortgage. They’ve increased the amount of money they’ll lend you, known as the loan-to-value (LTV). Here’s what’s changed: These changes are great news for anyone looking to buy a new home, do some renovations, or…
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Perenna’s Retirement Interest Only Rates Just Dropped!
Perenna, a mortgage lender, has just cut its interest rates on several of its popular products. This means you could save money on your mortgage payments, whether you’re buying a new home or remortgaging your existing one. What’s Changed? Perenna has made these changes: What Does It All Mean? These reductions mean you could save…
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Mortgage Rate Cut for Over 50s
Good news for older borrowers! LiveMore, the specialist lender for the over 50s, has announced significant cuts to its mortgage rates, making it easier for mature borrowers to get on or climb the property ladder. The company has slashed rates by up to a whopping 0.85% across a range of its mortgage products, including lifetime…
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Hodge Cuts Interest Rates for Over 50s
Hodge, a specialist lender, has just cut its interest rates across its 50+ and retirement interest-only (RIO) mortgage ranges. Hodge has reduced its rates by up to 0.30%, meaning you could save money on your monthly mortgage payments. For example, a two-year fixed rate mortgage for people over 50 now starts at just 5.65% and…
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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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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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Buckinghamshire BS Has a New RIO Mortgage for You!
Are you approaching retirement and concerned about rising interest rates? Buckinghamshire Building Society has just launched a new mortgage specifically designed for people like you. It’s called a “Retirement Interest-Only” (RIO) mortgage, and it could offer some peace of mind in these uncertain times. What’s a RIO Mortgage? A RIO mortgage is a type of…
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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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Good News for Over 50s! Hodge Cuts RIO and Mortgage Rates Again
It’s good news for people over 50 and those approaching retirement, as Hodge has cut interest rates on its mortgage products for the second time this month! This means you could save money on your monthly mortgage payments, putting more cash in your pocket. What’s Changed? Hodge has lowered rates on a range of two…
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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…