With news of interest rates increasing yet again, many are wondering just how high they could go and what effect these rises will have on their quality of life. In this piece, we look at some of the facts surrounding interest rate increases, and what we can expect from the next couple of months. …
What you need to know about using Equity Release to clear your mortgage
Clearing a mortgage is often at the forefront of a homeowner’s mind, and as you move into retirement, you might have considered clearing your mortgage to free up your retirement income. Should you pay off your mortgage early? Whilst paying off your mortgage can offer peace of mind and free up your income to enjoy …
Coping with mortgage payment increases
If you are feeling the pinch in the light of increased mortgage rates, you are probably looking at ways to reduce costs in all areas of your life. With mortgage rates now at a fifteen year high and a cost of living crisis affecting everyone, hundreds of thousands of homeowners are left in limbo regarding …
What can you do if your mortgage payments are going up?
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 …
What does it mean if your mortgage is in arrears?
The cost of mortgages has recently hit a 15-year high and many are wondering how they will be able to continue their monthly payments if the trend keeps up. The Bank of England has said that up to one million people will see their mortgage bill rise by £500 a month by the end of …
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 …
The importance of having an up-to-date will
Having a will that is kept up-to-date is vital if your assets are to be given to the people you want them to after you pass away. Not having a will in place, or not regularly updating it, can leave your estate in limbo and your loved ones without the assets you have worked hard …
A guide to a lasting power of attorney
A lasting power of attorney (LPA) document allows you to legally appoint a person or people to manage your decision making should you be unable to make them yourself. This may be due to an illness or accident that leaves you without the mental capacity to decide what is best for you. Although it might …
A guide to self-employed mortgages
If you are self-employed and looking to get a mortgage, there are a few key bits of information you need to be aware of. Mortgages for those who are self-employed take a bit more effort to secure due to the need to prove a consistent and reliable income, but with a few extra steps you …
