The Mortgage Bureau offers mortgages when buying a home, remortgages to save cost, commercial mortgages to fund ventures and associated requirements such as life insurance. The Mortgage Bureau is a whole of the market broker which means that the best deal can normally be found.
Friday, June 11, 2021
Retired and looking forward to enjoying more of life again?
Equity release might be the answer – here’s what you need to know Ad Feature by Saga – From travelling the world to spending more time with the grandkids, there is plenty to look forward to once you retire, but how do you fund your golden years? Retiring may give you more freedom and time to spend on the things, and with the people you love the most, but it still costs money. Without a regular salary it can be hard to adapt to life in retirement, especially as there’s no guarantee that your state or private pension will maintain the standard of living you’re used to. So that’s why many people turn to equity release to help provide the retirement they’ve been dreaming of. An equity release product is similar to a mortgage, but is only for people aged 55 or over. It lets older people release tax-free cash from the value of their property. There are two types of equity release products and the most popular is a lifetime mortgage, which is a loan secured against your home. Unlike a traditional mortgage, there are no monthly interest or repayments, depending on the plan you opt for. Instead, everything is rolled up and only has to be repaid once the borrower moves permanently into a care home or passes away. Alternatively, some older property owners use a home reversion plan where part, or all, of the home is sold to a provider in return for tax-free cash. For the full article : https://www.dailymail.co.uk/femail/article-9570701/Heres-need-know-equity-release.html
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