Lifetime mortgage rates have dropped to new record lows following reductions in government bond yields in the aftermath of the Brexit vote, according to Legal & General. Legal & General’s Flexible Lifetime Mortgage product now offers an interest rate of 3.71% fixed for...
Imminent interest-only mortgage due dates have driven a surge in sales of lump sum equity release plans, according to Key Retirement data. 40% of customers are now taking a single lump sum advance to reduce their debts, up from 30% from Q1 2015. Key believes the surge in sales...
Published and distributed my regular mortgage newsletter today. This issue’s focus is on articles supporting the need to use a mortgage broker, market news and lender updates. If you did not receive a copy, it can be viewed here – November 2015 Newsletter You can subscribe for...
Figures just released by the Equity Release Council show a significant increase in demand for Lifetime mortgages. Lifetime Mortgages provide an opportunity for over 55’s to tap into their housing wealth and release funds for pretty much any legal purpose. For example, they...
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