This is a lifetime mortgage. To understand the features and risks, ask for a personalised illustration.

Looking to Extend?

2 Feb 2024

Are you looking to extend your property? There are many benefits to adding an extension to your existing home, here are a few. 

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

Should you overpay your mortgage? If you can put extra cash away you need to seriously consider whether you should pay more off on your mortgage or put it into a savings account.

Buying a property, especially in the current climate, is a big decision for first time buyers. We have listed a few tips that can help you buy your first propertyy

Does the time of year make a difference in house purchases? The answer is, yes and no.

The popularity of buying a house can vary depending on various factors such as regional trends, how the economy looks, and of course personal circumstances. 

If you are looking at putting your house on the market, you may want to consider giving your garden some TLC. Small changes can make your outside space a lot more attractive to potential buyers resulting in a faster sale.

Getting on the property ladder is a big milestone in life, and is not something to take lightly. There are several things to take into consideration such as saving up for a deposit, finding your dream home, and finding the best mortgage product to suit you. Here we look at UK first time buyer statistics.

If you are struggling to get over the hurdle of saving enough deposit due to being in a rental property, but wish to purchase your own home, you may be able to with a 100% mortgage. You will need to meet certain requirements and be financially stable.

If you are looking at remortgaging your property but you are unsure whether it’s the right decision, we have listed five reasons why it might be for you.

As the cost-of-living crisis continues, many people across the UK are struggling financially, many of whom are finding it hard to get debt-free.

According to research by StepChange, there are five common reasons people don’t seek help and advice with debt concerns.