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…
How is an Equity Release Interest Only Provider Ever Repaid?
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How is an Equity Release Interest Only Provider Ever Repaid? | ||
An interest only lifetime mortgage is a special type of equity release plan. It’s essentially like a regular residential mortgage, but there is no fixed term and you only need to make monthly interest repayments. Interest Only Lifetime Mortgages have become more and more popular over the past few years, as they allow clients more control on how the loan is repaid. | ||
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Ensure Means Tested Benefits Are Not Sacrificed When Taking Out a Lifetime Mortgage
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Ensure Means Tested Benefits Are Not Sacrificed When Taking Out a Lifetime Mortgage | ||
A lifetime mortgage is a type of equity release plan wherein you can access the equity tied up into the home without selling the house or moving out. It is like a regular residential mortgage but is designed for over 55’s with no fixed term, so could potentially go on until the end of life, or until the client moves into permanent care, or if the house is sold earlier for some other reason. | ||
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What’s the Maximum Tax Free cash Available with an Interest Only Equity Release Scheme?
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What’s the Maximum Tax Free cash Available with an Interest Only Equity Release Scheme? | ||
The maximum amount you can release through an interest only equity release scheme depends on different factors used to assess the viability of lending to a particular applicant. There is no one maximum release interest only lifetime mortgage in the market that allows you to release the maximum amount no matter what. | ||
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Can I Transfer My Halifax Retirement Home Plan Mortgage if I Move House?
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Can I Transfer My Halifax Retirement Home Plan Mortgage if I Move House? | ||
The Halifax Retirement Home Plan proved to be immensely popular when it was available up until 2011. However, in spite of this demand, the plan had to be withdrawn from the market and is no longer available to new applicants. | ||
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Realise Your Maximum with an Interest Only Lifetime Mortgage Calculator
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Realise Your Maximum with an Interest Only Lifetime Mortgage Calculator | ||
Cultural and social changes, as well as rising financial needs during old age have contributed in an increased interest in flexible financial solutions for retirement. Interest only lifetime mortgages are some of the most popular equity release products. You can find out the maximum amount you could potentially release with the help of an interest only lifetime mortgage calculation program. | ||
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Pros and Cons of Interest Only Lifetime Mortgages
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Pros and Cons of Interest Only Lifetime Mortgages | ||
Lifetime mortgages are a type of equity release scheme, where the mortgage can last until the end of life, or until the client moves into permanent care, or makes an earlier sale for any other reason. Interest only lifetime mortgages making the greatest in roads into the retirement mortgage market and currently offer some of the most flexible equity release options on the market. | ||
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Compare Mortgages On An Interest Only Lifetime Basis
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Compare Mortgages On An Interest Only Lifetime Basis | ||
Interest only lifetime mortgages have become one of the most popular financial options for the retirement sector since they were first introduced a few years ago. They offer a flexible and innovative way for over 55’s to obtain a potentially lifelong mortgage, and use some of the equity tied up in their property while also retaining full ownership of the property. | ||
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