Tag: Retirement Interest-Only
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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…
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Hanley Economic’s Retirement Mortgages Just Got Cheaper!
Good news for those of you nearing retirement or already enjoying your golden years! Hanley Economic Building Society has slashed interest rates on their Retirement Interest-Only (RIO) mortgages, making it easier to access your home’s equity. What are RIO Mortgages? RIO mortgages are specifically designed for people in or approaching retirement. They allow you to…
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Good News for Older Borrowers! Hodge Makes it Easier to Get a Mortgage
Getting a mortgage can be tricky, especially if you’re approaching retirement or have an income that’s not always the same every month. But good news for those over 50 and those planning for retirement! Hodge, a well-known mortgage lender, has just made it easier for people with complex income situations to get a mortgage. What’s…
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LiveMore Cuts Retirement Interest Only Mortgage Rates
It’s good news for pensioners and those approaching retirement – LiveMore has cut mortgage rates on some of their popular products! This means you could save money on your monthly mortgage payments, helping you stretch your retirement income further. What’s Changed? LiveMore has reduced rates on two key types of mortgages: How Much Have Rates…
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Perenna’s Retirement Interest Only Mortgages Just Got Cheaper
Perenna has reduced rates on some of its popular products. This could mean lower monthly repayments and more money in your pocket! Perenna, a specialist mortgage lender, has made cuts to its residential purchase and retirement interest-only (RIO) products. This means you could save money on a new mortgage or remortgage, whether you’re buying a…