Repaying an interest only mortgage with equity releaseThe 1990s and 2000s saw a boom in the popularity of interest only mortgages. Many of these mortgages are now coming to the end of their term with the full or a large amount of the capital still needing to be paid off. Continue reading “Repaying an interest only mortgage with equity release”
Gifting equity release to help loved onesEquity release can provide a way for homeowners to share their hard-earned wealth with loved ones in later life, while they are still around to see them enjoy it. From help getting on to the housing ladder, to assisting with a wedding, equity release can help families to share life’s most important milestones. Continue reading “Gifting equity release to help loved ones”
Releasing equity from your home to repay debtDebt in or approaching retirement can be a real worry. For many people, starting retirement will mean a fall in income. You might find it’s then a struggle to pay your monthly household bills, mortgage repayment and unsecured debts. Even if you plan to carry on working, the ever-increasing cost of living may be putting a burden on your finances. Continue reading “Releasing equity from your home to repay debt”
Using equity release to buy a new propertyWondering whether you can use equity release to buy your new home? The simple answer is, yes you can. The relevant eligibility criteria must still be met – the same as if you were exploring equity release on your current home. Continue reading “Using equity release to buy a new property”