With the mortgage industry looking more and more uncertain, many homeowners will be thinking of ways to try and stop their monthly payments increasing, or looking at how they can pay off their mortgage altogether. In this guide, we look at why your mortgage payments are going up and how equity release plans could help …
Equity Release
Equity Release Trade Industry Updates
A guide to later life lending
If you are approaching retirement age and looking for ways to finance this stage of your life over and above your pension, you might be interested in learning more about later life lending. There are many plans available to those aged 55+ who are looking to free up cash from their home to help with …
Switching your Equity Release plan
If you have an Equity Release plan in place, you may wonder whether it is possible to switch it to a different plan or provider. It may be that you want to explore different options offered by alternate providers, or look to switch the type of plan you have entirely. We’ll answer some of the …
A guide to getting a mortgage as a first-time buyer
If you are a first-time buyer, you might feel as though the current landscape is not set up for your success. With a rising cost of living and expensive mortgages, there can be significant stress surrounding the purchase of your first home. In this article, we will look at some of the key questions about …
The pros and cons of Home Reversion
Are you thinking of taking out a Home Reversion plan to help fund your retirement? You need to make sure you have all the information to hand so you can decide if it is the right choice for you. In this article, we look at some of the most common questions around the pros and …
What are the downsides to Equity Release?
Although Equity Release plans are a popular choice for those at or nearing retirement age, it is always pertinent to look at the ups and downs of taking out such a plan. Whilst working with a reliable adviser is the best way to get all the information you need to make the right decision, we’ve …
Need to Know Facts about Lifetime Mortgages
If you’re thinking of taking out a Lifetime Mortgage, having the key facts to hand will help you make an informed decision about whether it is right for you. As well as talking to an experienced Bower adviser, reading this helpful guide will give you important information you need to get started. Whatever type of …
Paying back a Lifetime Mortgage
If you are thinking about taking out a Lifetime Mortgage, the most popular type of Equity Release plan, you might be wondering about making payments to the mortgage. . Lifetime Mortgages can release funds tied up in your home for use during retirement. These funds can be used for a number of reasons and will …
What can be affected by Equity Release?
Equity Release is an overall term to represent a number of plans that can help you release money built up in your home which you can use to fund your retirement, make home improvements, or gift to family, without having to sell up. However, there are some warnings that customers should be made aware of, …
Who oversees the Equity Release market?
When looking into Equity Release, you likely want to know that you are dealing with reputable companies that are overseen by a trusted regulator. With any financial product, the rules and regulations need to be airtight to avoid any potential pitfalls or scams; luckily the Financial Conduct Authority (FCA) is there to ensure all consumers …