Keeping abreast of an evolving equity release market is important to ensure that the best products & services are found. You will find our Interest Only Mortgage News section full of interesting news articles around the world of equity release schemes including tips & case studies where equity release has been of assistance. Feel free to read at your leisure & you can be assured that Interest Only Lifetime Mortgages look forward to your comments.
Interest Only Lifetime Mortgages Explained
Each of the equity release news articles below can be read in summary & if of interest can be opened up to read on an individual basis. Please note the additional pages of newsworthy lifetime mortgage information about their uses, succinct features & how they provide equity release solutions to many issues akin with retirement. We hope you enjoy the news content contained herein & don’t hesitate in contacting us if you have any queries…
Facts about a Lifetime Mortgage Calculator
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Facts about a Lifetime Mortgage Calculator | ||
Lifetime mortgage calculators have evolved from the simple concepts they were in the early days of equity release schemes. Technology has ensured that you can get more answers from these calculators as a retiree than ever before including creating an all-in-one that offers results for all equity release products on the mortgage. In fact these […] | ||
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What Data is Required for an Equity Release Calculator UK
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What Data is Required for an Equity Release Calculator UK | ||
The Internet is full of websites trying to grab your details. Plenty of news shows, newspaper articles, and Internet articles have warned us against this. Several sites ask you to fill out a form supplying personal data, where you learn after submission that companies will email you or call you with quotes, rather than giving you the answer you want immediately and right then. | ||
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An Interest Only Mortgage is Now Available in Retirement
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An Interest Only Mortgage is Now Available in Retirement | ||
There is a common misconception in our society that once a person has retired they cannot borrow by way of loans or other forms of finance. Well, this is not true and one can still generate finance with the help of equity release schemes. The best option in this situation for those wanting an interest only mortgage in retirement is to research online and look for a company that can provide advice on retirement mortgages. | ||
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How to Choose Between Roll up or Interest Only Equity Release Schemes
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How to Choose Between Roll up or Interest Only Equity Release Schemes | ||
There are a wide range of equity release schemes available today to suit a variety of clients with different needs and priorities. The best way to select the most suitable plan from a range of equity release schemes is to understand the way these plans work and then assess the impacts each plan will have on your life. An independent advisor or independent equity release expert can help you choose the most suitable plan depending on your needs and situation. | ||
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Differences Between An Interest Only Mortgage and an Interest Only Lifetime Mortgage
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Differences Between An Interest Only Mortgage and an Interest Only Lifetime Mortgage | ||
The retirement mortgage & finance sector is rapidly expanding. A wider range of options are currently available to older people who want to optimise their financial assets in order to fund their retirement. One of these options is equity release, which allows you to release some equity from your property without the need to sell the house. There are many kinds of equity release plan and interest only lifetime mortgages are one of them. | ||
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Which Mortgage Lenders Offer an Interest Only Lifetime Mortgage in Retirement?
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Which Mortgage Lenders Offer an Interest Only Lifetime Mortgage in Retirement? | ||
Equity release schemes and roll-up lifetime mortgages may be a viable way for homeowners to get an additional income or a capital amount for one off expenses. With such schemes interest rates tend to be higher than traditional mortgages. Additionally, there is the compounding of the interest which means that it is common for people to potentially lose all their inheritance, thereby leaving nothing behind for the children and family. | ||
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Interest Only Lifetime Mortgage Versus Equity Release Schemes – the Winner Is?
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Interest Only Lifetime Mortgage Versus Equity Release Schemes – the Winner Is? | ||
Compare an interest only lifetime mortgage such as the Stonehaven Interest Select mortgage to an equity release scheme where the interest rolls up; there is no one clear winner...or is there?The fact is that suitability of a scheme depends entirely on individual needs, circumstances and attitudes. An experienced mortgage adviser will be able to assess the client’s situation carefully and help you find the right mortgage balance. | ||
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What Minimum Information is Needed for a Free Equity Release Calculator?
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What Minimum Information is Needed for a Free Equity Release Calculator? | ||
Your age and property value is all a free equity release calculator uses to provide you with a quote regarding the maximum amount of equity available for release. However, most online websites providing an equity release calculation are going to ask for more details. There are a few reasons for this. The first is that […] | ||
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Will a Release of Equity Make Matters Worse Over the Long Term?
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Will a Release of Equity Make Matters Worse Over the Long Term? | ||
What is equity release? Equity release is a financial product that allows you to release the cash that is tied up in your property. Its advantages include that you can drain financial liquidity from the bricks and mortar of your home. It is geared towards people who are in retirement and want to have extra cash to improve the standard of living. However a release of equity in a mainstream loan is also possible. | ||
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Top 5 Mortgages for Pensioners
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Top 5 Mortgages for Pensioners | ||
The rising demand for flexible and innovative financial solutions during retirement has spurred on many new and positive changes in this sector. For one, a number of more flexible equity release mortgages are now available for pensioners to choose from. Different products have different unique features that make them suitable for a range of clients. Let’s take a look at five of the most popular lifetime mortgages for older homeowners. | ||
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FCA Review States Borrowers with an Interest Only Mortgage Must Act Now
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FCA Review States Borrowers with an Interest Only Mortgage Must Act Now | ||
May 2013 was when the FCA review finally published its summary of findings into interest only mortgages showing the majority of borrowers who took an interest only mortgage in the past, will struggle meeting their final repayment demands. In fact the average mortgage debt on an interest only basis is estimated to be £72,000 for repayment required by 2020. | ||
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Practical Ideas for Using the Stonehaven Equity Release Interest Only Lifetime Mortgage
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Practical Ideas for Using the Stonehaven Equity Release Interest Only Lifetime Mortgage | ||
When it comes to retirement, even the best laid plans can fall somewhat short of your hopes and aspirations. You tried the savings route of PEP's and ISA's even the low cost endowment policies of the 80's and 90's, but still they weren't enough to avail yourself of leaving a mortgage shortfall moving into retirement. | ||
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Do Retirement Mortgages Still Exist in the UK?
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Do Retirement Mortgages Still Exist in the UK? | ||
Retirement mortgages are mortgages that are especially designed to suit pensioners and there is a need in the market for niche retirement mortgages. The popularity of the Halifax Retirement Home Plan mortgage was testimony to this. However, after the withdrawal of this form of Halifax equity release scheme there are very few options left for those looking for specialist retirement mortgages. The short answer, however, is yes there are some retirement mortgage options still available in the UK, but limited. | ||
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Is the New Trend to Have a Mortgage Stretching into Retirement?
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Is the New Trend to Have a Mortgage Stretching into Retirement? | ||
There was a time when having a mortgage in retirement was considered inappropriate, even taboo! And if you happen to have a mortgage during retirement, it was certainly not something you’d discuss with just anyone. But how times have changed!Today, more people than ever are left with no choice but to carry their mortgage into retirement. | ||
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