Click here to download. … [Read more...] about Equity Release Introducer Arrangement
Click here to download the CML research. … [Read more...] about Later life borrowing New mindsets: Old silos – The advice framework for older mortgage customers
The interest rates on the Indexed Lifetime mortgage range will be adjusting in line with the CPI figures published in October 2016. As of Monday 3rd April 2017, the rates will be as follows: Any questions call Maxlyte Financial 020 7993 2882. … [Read more...] about With effect from Monday 3rd April 2017, Hodge Lifetime are changing the rates on their Indexed Lifetime mortgage plans
It seems that as the equity release industry goes from strength to strength the negative comments just keep coming from some quarters. There is a very important reality to equity release and that it offers a lifeline to many people. It’s an essential product that will continue to become more popular because there is an increasing number of people who need to tap into their equity. It’s obvious that when faced with limited choices (with no option to downsize) extracting money tied up in your home is a great choice. Equity release is not a product of last resort but a perfectly reasonable option … [Read more...] about Equity Release Goes From Strength To Strength
We are are continually being reminded that some people feel uncomfortable because of the stigma attached to equity release. Now the equity release market is bursting with innovation and this keeps building confidence. Inflexible plans are being phased out which removes such issues as greatly reduced inheritances. Many equity release plans now have repayment schemes included to regulate their outstanding balance and reduce a financial build up. We will help you to dispel any myths by working closely with you by explaining how these new product features present fresh opportunities yet to be … [Read more...] about The stigma attached to equity release
There may be unscrupulous brokers who are advising people to take out the maximum that they can get out of the valuation of their properties. Their reasoning is that they will be getting "Today's Rate" which could well increase in the future. This concerns me as it could turn out to be not such a straight-forward sensible option to take. The reason that this is recommended is that if you agree to take the maximum then the broker will gain the maximum amount of fee from the Lender and also block you from drawing more money out of your house in future. There is also the fact that if it is … [Read more...] about Beware So-Called Specialists with low fees!
Because of an ageing population, many people are put off the idea of starting an equity release plan from age 55 onwards. One of the strongest arguments against considering equity release is that the interest rolls up and eats away at the capital. But now there is a sensible yet clever alternative. The current 'baby boomer generation' are going to live much longer as the saying goes "The eighty year olds today are behaving like sixty year olds and sixty year olds like forty year olds". They consider the equity in their homes is theirs to spend on themselves or maybe lend to their … [Read more...] about Transitioning to Equity Release with interest-only payments