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Read the articles and guides written by Dan Osman, Head of Later Life at UK Moneyman Ltd.
Taking a look at if a retirement interest only mortgage is a good idea for mortgage borrowers over the age of 55.
Are you able to extend your current mortgage past the age of retirement? There could be many different options available for you.
Looking at whether or not you are able to get an interest only mortgage past retirement and what types of interest only mortgage could apply.
Several specialist and high street lenders provide retirement interest only mortgages to customers aged 55 and meet the eligibility criteria.
A lifetime mortgage and a home reversion plan can be an option. Lifetime mortgages allow you to unlock some of the value from your home.
You can get equity release on leasehold properties. However, the lender will take extra considerations into account.
You can be refused equity release if your property or personal circumstances do not meet lending criteria, but we are here to help.
Yes, the equity you already have from any property you have sold, or other existing savings, can be the deposit, with a lifetime mortgage.
A look at the ever evolving landscape of later life mortgages, as new mortgage types are becoming available.
Explore how equity release works, including the pros, cons and protections that help make it a safer financial choice.
For those looking to pay off equity release early. it's key that you understand the policies surrounding this option.
If you are a homeowner that is aged 55 plus with a property that is worth £70,000 or over, equity release may be an option for you.
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