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Homeowners aged 55 and over hold £3.7trn in property wealth, representing over two-thirds of the nation’s private housing equity.
A lifetime mortgage is a type of equity release product which lets homeowners aged 55 or over access some of the money held in their property tax-free. Borrowers get a loan secured on their home ...
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MoneyWeek on MSNHalf of UK homeowners will need to tap housing wealth to pay for retirementUnlocking property wealth could inject £21 billion each year into UK economy by 2040, according to new research ...
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People are living longer than ever. Data from the Office for National Statistics shows that the number of individuals aged 90 ...
What is equity release? Equity release refers to taking money out of your home without having to sell the property. You can take the money you release as a lump sum or in several smaller amounts.
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Lenders who are part of the Equity Release Council will waive fees, which can be up to 25% of the loan, for those moving in with relatives for medical reasons.
will earn a commission to help fund our not-for-profit mission. Lifetime mortgages are the most popular type of equity release. You take out a loan against your property, which is repaid from the ...
Industry bodies call for urgent Government action as new research highlights the scale of the insulation scandal.
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