Council of Mortgage Lenders - Later Life Borrowing

Later Life Borrowing New Mindsets: Old Silos – The Advice Framework For Older Mortgage Customers

Peter Maxwell-Lyte Mortgages Leave a Comment

The Council of Mortgage Lenders (CML) has produced a new report, aimed at giving advice to older people who look to borrow in later life. The passages below are the CML’s summary. To view the report, please click on the image, or read it on the CML website directly. Much has changed in the UK mortgage and equity release markets …

Housing Wealth To Fill The Gap Left By Inadequate Pension Income

Wealth Accumulated Via Mortgage Repayments Reaches A Record £62.7 Billion In 2016 As UK Faces A Retirement Income Crisis

Peter Maxwell-Lyte Equity Release, Mortgages Leave a Comment

Wealth amassed by homeowners via mortgage capital repayments increased by 54% from £40.7 billion in 2005 to a record £62.7 billion in 2016. Wealth accumulated by UK homeowners through mortgage repayments has rocketed in the past decade to a record £62.7 billion in 2016 – paving the way for housing wealth to play a vital role in funding later life …

Time

The Average Working Life Isn’t Long Enough To Pay For A House!

Peter Maxwell-Lyte Mortgages Leave a Comment

Have we reached the point where the average working life isn’t long enough for us to buy a home? That’s the picture emerging from another week in which there was another raft of data about incomes, savings, mortgages – and house prices. At one end of the lifespan are older home owners stuck with mortgages, inadequate pensions and looming care bills. They’re …