When making a financial decision it pays to know some facts beforehand. Have you ever made a purchase, almost made a purchase, or came close to something only to find after several hours of talking with people you are unable to finish the deal? With lifetime mortgages and equity release products like home reversion there are qualifications you have to meet. Once you meet those qualifications you also want to know if it is a viable option for you. Instead of talking with a sales person who might take a lot of your time, waste it even, you can get […]
Retirement is a great time in your life. You worked hard to reach this age as a way to enjoy life. You enjoyed life before, but now you have the freedom you have not had since you were a kid looking to enter school. Actually, not even then, because you had parents telling you what to do. At retirement you no longer have a boss, parent, or other person telling you what to do and huge consequences if you do not fall in line. Yet, statistics have shown that UK retirees have not saved up enough during their working life […]
As your life goes on, you will occasionally need to alter you housing situation so that it fits the living requirements of you and your family. While it may be fairly easy to make the move from a couple’s apartment to a London family home, the transition from family home to retirement accommodation is not always so easy. Thankfully there are products like the Halifax Retirement Home Plan that can be used to your advantage.
The Situation You Might Face
Not only is it difficult to say goodbye to the home in which you raised children and […]
Are you heading into retirement? Perhaps you have a situation where you need money and you own property? Sometimes retirees are property rich, but cash poor. In fact, this is the case with many retirees who have either retired at 65 due to employment issues or retired before the two recessions and are now suffering from a significant loss to their pension savings and investment accounts. If you are in trouble, but you own your property, then consider the interest only mortgage. You have a mainstream interest only product that is great for anyone who has yet to retire. You […]