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Is Bridging Finance A Good Idea? | FAQ's Answered
12 Apr 2022
To help anyone who is interested in equity release, below we have answered three of the most commonly asked questions.
Commonly Asked Questions About Equity Release In Later Life
4 Apr 2022
To help anyone who is interested in equity release, below we have answered three of the most commonly asked questions.
Using Equity Release To Buy A Second Home | How Much Do You Need?
31 Mar 2022
If you’re over 55 years of age and have considerable equity in your home, you may be wondering; ‘can I use equity release to buy a second home?’.
Common Reasons Why People Consider Equity Release
21 Mar 2022
You may have heard of the term ‘equity release’ and simply put, this is the process of releasing some of the money that is tied up in your home.
5 Common Reasons Why People Consider Equity Release
9 Mar 2022
Purchasing a property and then letting it out to tenants is a great way to earn additional income and the more properties you own, the more you can earn.
The Latest Interest Rate Cut and How it Affects You.
Generally referred to as ‘the base rate’, when it falls it is usually (but not always) an indication that lending rates generally will also fall.
Mortgage Required Launch Video Appointments
If you can’t come to us we can quickly set up a video or phone appointment.
What is a Drawdown Lifetime Mortgage?
Lifetime mortgages are becoming more popular as a generation of people with all or most of their lifetime wealth tied up in their homes.
Can I Port an Equity Release Mortgage?
With most Equity Release mortgages it’s likely that the loan is increasing in size as interest on money you have borrowed on the mortgage accrues. However, this doesn’t mean that you can’t port your mortgage to another, perhaps smaller, property.
What is a Home Reversion Plan?
A Home Reversion Plan allows you to access all or part of the value of your property whilst, at the same time, retaining the right to remain in your property, rent free, for the remainder of your life.
How Much Can I Borrow with an Equity Release Loan?
Equity release is a way to release money by way of a loan secured on your home or through the sale of all or part of your home, subject to certain rights to remain in occupation.
Reasons Why Our Clients use an Equity Release Loan.
In simple terms, Equity Release lending enables you to release and use some of the equity tied up in your home whilst still allowing you to remain living there during your lifetime.
Who are the Equity Release Council
The Equity Release Council is a not-for-profit organisation and is the recognised industry body for the equity release mortgage sector.
What is a Lifetime Mortgage and How does it Work?
A lifetime mortgage is a loan made to older applicants which is secured on their home. You have the option not to repay it on a monthly basis but, instead, the interest can be rolled-up over the remainder of your life.
Equity Release Lending Record High 2017
Equity release records broken as unprecedented Q4 activity sees 2017 lending reach £3.06bn with annual growth at a 15-year high.
Mortgage Required Join the Equity Release Council
We are delighted to be able to announce that Mortgage Required has joined the Equity Release Council.
Is Equity Release a Good Idea?
Equity release is a way for pensioners to release money by way of a loan secured on your home or through the sale of all or part of your home.
Borrowing Into Retirement
23 Feb 2017
The Insurance giant Prudential recently carried out research which found that 25% of 2017s retirees will retire in debt. This is at its highest level for seven years.
Equity Release has never been so popular. What is it?
9 Nov 2016
Equity release is a term given to the mechanism by which a homeowner can raise either a cash lump sum or a regular periodic income in return for either selling or mortgaging all or part of their home.
Equity Release is More Popular than Ever
25 Feb 2016
There is only one subject for me to write about this week and that’s “Equity Release.” At Mortgage Required, we get all sorts of enquiries, but never before have we had so many enquires of this nature. It seems that so many retired people are “asset rich/ penny poor” and they are looking for a way to get their hands on some of their equity.
Lending into Retirement
16 Nov 2015
The Building Society Association (BSA) announced that they are reviewing age limits on mortgages as more customers demand longer mortgage terms in order to keep monthly costs down. Older homebuyers may soon find it easier to get a mortgage as many lenders currently insist mortgages are repaid prior to the borower’s planned retirement dates.
Debt Consolidation
17 Jul 2015
The Financial Conduct Authority (FCA) have strict rules about consolidating debts into client’s mortgages on the basis that if you default on your car loan, the finance company will come and reposes your car, but default on your mortgage and you may of course lose your home!
Lifetime Mortgages
27 Nov 2014
I think anyone with an interest only mortgage without a repayment vehicle, will by now have a letter from their lender, warning them to make arrangements to repay their capital.
Nowadays, banks and building societies are reluctant to give mortgages to customers unless they pay capital as well as interest, but back in the day, interest only mortgages were as common as muck!
Shared Equity
25 Oct 2013
Back in the day, “Shared Equity” was considered a little down market, perhaps where one might go as a step up from renting – a helping hand onto the housing ladder.
Recent posts
Decorating Tips for Selling Your Property
14 days ago
Selling up? It’s important to make your house as appealing as possible to potential buyers. Good decorating can help with first impressions, and increase the perceived value of your property.
20 Budget-Friendly Activities
25 Aug 2023
With the cost of living affecting so many of us, we have made a list of budget-friendly activities and ideas for you.
Moving and Packing Tips for a Stress-Free Move
21 Jul 2023
Moving soon? It's never too early to get organised! Be prepared and avoid unwanted stress by checking out our list of tips to get you ready for moving day.
What is the UK Inflation Rate?
27 Jun 2023
Inflation simply put, is the increase in the price of something over time. The Office for National Statistics (ONS) tracks the prices of hundreds of everyday items and these items are updated to reflect shopping trends.
Debt Consolidation into a Mortgage
20 Jun 2023
We are often asked if it's good advice to consolidate “unsecured” debt (credit cards and loans etc) into your mortgage, the answer is, sometimes.
Parking Rules Explained
16 Jun 2023
When you’re looking to buy a home, and you own a car, you ideally want to know the rules on parking in the area. Parking rules can be confusing, even for the most experienced of drivers! This is why we have written this blog to help you.
Sources of Deposit to Buy a Property
6 Jun 2023
There are several potential sources you can consider when it comes to getting together a deposit to buy a property. Providing proof of the source of your deposit is a key requirement in the application process and will need to be given to both the lender and the solicitor.
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