Later Life

How a Later Life Mortgage Funded Clients’ Retirement Goals

Many people dream of a comfortable retirement filled with travel and pursuing passions, often requiring a significant financial buffer. However, lingering debt and limited retirement income can make this dream seem out of reach. This case study explores how a couple creatively leveraged a mortgage...

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Retiring? Should You Move, Unlock Some Equity, Downsize or Rent?

As the sun sets on our working lives, the prospect of retirement living brings with it many decisions awaiting our attention. Choosing our home for the golden years is one such significant important decision. Some may prefer to remain in their family homes,...

How to Use a Lifetime Mortgage to Unlock Equity and Complete the Purchase of a New Home in Later Life

For many over-50s, homeownership is part of their DNA. Whether it’s upgrading to a dream forever home, relocating to be closer to family, or simply downsizing to a more manageable property, achieving that next step on the property ladder can often feel challenging or out...

Equity Release: An Opportunity to Tap into Value Locked Away in Your Property

For homeowners, equity release presents an opportunity to tap into the monetary value locked away in their property. With an equity release plan, a cash lump sum can become available for various purposes, from mortgage clearance to home renovations. However, while the prospect may sound...

Happy couple over the age of 55 walking in gardens with blossom trees

How to Overcome Income Shortfalls with a Later Life Mortgage

Equity release products such as Later Life mortgages enable homeowners to utilise the cash tied up in their homes without having to sell first A new year often brings a determination to do things differently or make good on goals not fully achieved in the previous...

Later Life Mortgages: Lower Costs of Borrowing but a Market Still in Flux

Costs are falling, but the future direction of the market hangs on the rate of inflation We are increasingly seeing the emergence of two distinct camps of Later Life borrowers as the market settles. Each has different needs and challenges, and they...

over 55s woman looking at her computer consider a Later Life mortgage

Later Life Borrowers Adjust to Higher Rates

New trends, high debt levels and low pension savings signal changes in demand Later Life products are expected to see a surge in demand after a new report concluded that high levels of debt and a lack of pension savings make it increasingly likely that...

Are Later Life Mortgages Still Viable?

The cost of living crisis, rising inflation, and interest rates are causing many homeowners aged over 55 to explore their financial options. Later Life mortgage products are becoming an increasingly popular way to access property wealth and fund retirement plans, such as...

Bank Rates and Later Life Mortgages

As you enter your later years, the number of financial institutions willing to lend you money starts to reduce, especially if you have retired. Whether you’re looking to take out a large loan, get a new mortgage or even remortgage your existing home, you’ll often...

over 55s couple looking at their laptop smiling

Equity Release Myths Debunked

Equity release allows homeowners over the age of 55 to release tax-free cash from the value of their home. There are two equity release options – Lifetime mortgages and Home Reversion schemes. Home Reversion schemes require a sale of some or all of you property,...