Where to Search for an Online Equity Release Calculator?
August 14th, 2014
The Internet provides numerous resources for all types of product, information and services. It should not come as a surprise they also have several websites offering details about equity release products and tools. For instance, if you wish to find an online equity release calculator, there are plenty of resources that lead you to this tool. From there you can determine what type of equity release is right for you and your family. Finding an independent broker to source information in the market is also an imperative step to take. …read more
Will the London Property Market be Hit by the Mortgage Market Review (MMR)?
May 19th, 2014
The Financial Conduct Authority (FCA) has now implemented the Mortgage Market Review (MMR). In fact, the Financial Services Authority began the process in 2009 after the subprime mortgage debacle. The idea of the review is to reform the mortgage market to ensure avoidance of a worldwide disaster like that of 2007. For many first time homebuyers it is making it more difficult for them to secure the down payment and get onto the property ladder whether it is in London or not. The good news is that many retirees, over 55s, are in London and they have significant equity in their homes. This equity can be released to help their children with the down payment they require. There are different equity releases such as interest only lifetime mortgages, impaired equity release schemes and drawdown lifetime mortgages. …read more