What is a retirement mortgage, and how do they work?
In recent years, there has been a notable rise in the popularity of retirement mortgages. This trend can be attributed to several factors, including ...
What is a concessionary purchase mortgage?
One of the biggest hurdles that first time buyers have to overcome is saving up for the initial deposit. Family members often step in ...
Can I extend my mortgage term?
A mortgage term is simply the length of time you have to repay your home loan. In the UK, this typically ranges from 25 ...
What is an enhanced lifetime mortgage?
An enhanced lifetime mortgage is a type of equity release plan designed specifically for UK homeowners aged 55 and over who have certain health ...
What is a hard credit search?
A hard credit search is a comprehensive review of your financial past, conducted by a lender or company when you apply for credit, such ...
What information is on a credit report?
Your credit report is a comprehensive record of your financial history, a bit like a financial CV. It contains details about your borrowing and ...
Buying a house with a lifetime mortgage
Have you ever dreamt of a fresh start, a change of scenery, or perhaps a home better suited to your needs as you get ...
Do you need a solicitor for equity release?
Equity release offers a convenient way to access some of the money in your home, providing funds for retirement needs without having to sell ...
What is drawdown equity release?
Drawdown equity release could be a suitable way to unlock the value tied up in your property without having to sell your home. It’s ...
What can you use equity release for?
Many homeowners turn to equity release as they approach or enter retirement. Even if you feel comfortable with your overall assets, you might find ...
Can you get equity release if you still have a mortgage?
Many people considering equity release wonder, “Can I still get it if I have a mortgage on my house?” The good news is, the ...
Can equity release be transferred to another property?
While many people happily remain in their current home after taking equity release, life circumstances can change. If you’re considering a move, whether it’s ...
Do you have to pay tax on equity release?
As you get older, your financial needs and goals might change. If you own your home, equity release could offer a way to unlock ...
Can equity release be used to pay off an interest only mortgage?
Many homeowners opt for interest-only mortgages due to their lower monthly payments. With this type of mortgage, you only pay the interest on your ...
Can I give my children money from equity release?
Getting on the property ladder in today’s world can feel like an impossible dream for many young adults. Rising property prices, strict lending criteria, ...
