How to Release Equity On Your London Home for a Location in the Country
May 19th, 2014
Castle Trust announced people over the age of 55 living in the capital could take advantage of their current home and purchase a second country home. The company further stated all it takes is 20 per cent of the current home’s equity to make this secondary purchase happen. Through an equity release scheme like a lifetime mortgage, housing owners in London could find a second home in numerous areas in the country. To determine if you would qualify and how much equity can be released, use an equity calculator UK and find out how much equity you have and learn about all your lifetime mortgage options. …read more
How Your London Pad Could Create a Foothold on the Alternative Property Ladder
May 19th, 2014
You have already established yourself on the property ladder as you have a London Pad to enjoy. Unlike many first time buyers who wish to purchase homes in London, but cannot afford the down payment, you have done your time, purchased property, and now you are retired. Now you have time on your hands and plenty of opportunities to make the most of it. In fact, you could decide to join in the rush to the alternative property ladder. Equity release enables you to have a second property investment. Your London location makes it doubly perfect since your home value is significant compared to other counties and parts of the UK. Complete your London equity release calculation now to see if the figures are appealing to you and how much you can potential raise. …read more
Why Equity Release Schemes are becoming the Saviour for Londoners with Interest Only Mortgages
May 16th, 2014
On the cusp of retirement and yet your mortgage is not repaid in full? Numerous Londoners face this situation and with the Mortgage Market Review (MMR) restricting lenders it is becoming difficult to see what the future can provide in the way of comfort. For those who had an endowment on an interest only mortgage, most are finding it has fallen short to cover the entire amount owed. Others chose a different mortgage with no repayment vehicle. Trying to locate a solution for your retirement years is getting difficult for those over 60. Unless you consider the pros and cons of equity release, which is one solution to the problem of mortgages into retirement. …read more