Later Life

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...

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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...

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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,...

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Strategies for Managing Monthly Payments in Retirement

How to Manage Your Monthly Mortgage Payments in Later Life In years gone by, 65 was seen as the age when a person could anticipate their retirement. However, the State Pension age has steadily increased due to the rise in the...

3 Benefits of a Retirement Interest-Only Mortgage

3 Benefits of a Retirement Interest-Only (RIO) Mortgage in Later Life A Retirement Interest Only (RIO) mortgage is a type of loan that is designed for those in the latter years of their lives. As with other Later Life products, RIOs are typically available...

Flexible Payment Options for Over 55s

Later Life Mortgage Solutions – Flexible Payment Options for Over 55s In this article, we will be discussing how Later Life mortgages can help those over 55 manage their funds at a time when the cost of living is having a detrimental impact on...

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Later Life Mortgages: How to Manage Payments

Manage your Mortgage Payments as Inflation Grows | Later Life Mortgages In years gone by, being 65 meant that it was time for you to relax and enjoy a well-earned retirement. However, as the Office for National Statistics reported, the increase in life expectancy in...

over 55-year-old woman sitting on the sofa, holding a coffee and smiling

How You Can Achieve the Dream Retirement with a Later Life Mortgage

How can Later Life mortgages help you achieve the retirement you imagined? Research from the Office of National Statistics has shown that life expectancy in the UK has increased over the last 40 years. As such, the State Pension age has...