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 …

Equity Release – Dispelling The Myths

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Peter Mazwell-Lyte MaxLyte Financial are continually being reminded that some people feel uncomfortable because of the stigma attached to equity release. Now the equity release market is bursting with innovation and this keeps building confidence. Inflexible plans are being phased out which removes such issues as greatly reduced inheritances. Many equity release plans now have repayment schemes included to regulate …

Time

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

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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 …