Financial Services

Paying off an Interest Only Mortgage when close to retirement
Equity Release, Financial Services, Interest Only Mortgages, Lifetime Mortgages, Mortgages add comment

Paying off an Interest Only Mortgage when close to retirement

Many people in the UK have mortgages that were arranged on an Interest Only basis many years ago. Lenders are sending letters to their customers explaining that it is their responsibility to repay the mortgage by the end of the agreed term.You may be one of these and unsure how you will do this, especially…

Four practical uses for equity release
Financial Services 1 comment

Four practical uses for equity release

In a previous article, we discussed what equity release is. This short article highlights a few practical ways of using equity release to your advantage.  Getting ahead on an interest-only mortgage  If you’re approaching retirement but don’t have savings to cover the end of your interest-only mortgage, you may wish to use equity release to…

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