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Criteria Hub to cover retirement interest-only mortgages

Criteria Hub to cover retirement interest-only mortgages Criteria Hub have added retirement interest-only mortgages to its data bank. Intermediaries will now be able to search a detailed set of criteria for this new sector of the mortgage market. The FCA has recently relaxed its mortgage rules to enable more lenders to offer RIO deals to…

Equity Release totals £10 million a day
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Equity Release totals £10 million a day

Equity Release Totals almost £10 million a day Jul. 11th, 2018 Send to Kindle Figures from Key Retirement show that in the first six months of 2018, £1.71bn was released through the UK’s equity release market – the equivalent of £9.5m a day. This compares to the £1.25bn of property wealth that was released within…

Over 50’s underestimate life expectancy
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Over 50’s underestimate life expectancy

Pension pots overstretched as over 50’s underestimate life expectancy Source: financialreporter.co.uk Send to Kindle N?w research fr?m R?t?r?m?nt Adv?nt?g? h?? revealed th?t ?v?r 50? are underestimating how l?ng th?? ?r? l?k?l? to live b? u? to ??x ???r?, leaving many struggling w?th f?n?n???l n??d? ?n retirement ?? th??r ??n???n pots b???m? ?v?r?tr?t?h?d. A???rd?ng t? th?…

Downsizing financially over 65s
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Downsizing financially over 65s

Downsizing not ‘making sense’ financially for over-65s Send to Kindle   Source: financialreporter Last-time buyers’ are struggling t? f?nd h?u??? to m?v? to ?? the ??t?nt??l financial gains fr?m d?wn??z?ng are n?t h?gh enough and they ??nn?t f?nd suitable h?m?? ?n th??r local area, r????r?h fr?m Key Retirement ?h?w?. It? n?t??nw?d? ?tud? ?h?w? n??rl? ?n?…

Government’s reluctance pension freedoms
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Government’s reluctance pension freedoms

Industry supports Government’s reluctance to take ‘one size fits all’ approach to pension freedoms Source financialreporter.co.uk Th? DWP Select C?mm?tt?? h?? t?d?? published th? Government’s r????n?? t? the Select C?mm?tt??’? report ?n P?n???n Fr??d?m?. In th?t r???rt, th? Committee r???mm?nd?d th?t ??v?r? ?h?uld b? d?f?ult?d ?nt? particular ‘??thw???’ at retirement unl??? th?? m?d? ?n active choice….

Bank Mum Dad (generosity of )
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Bank Mum Dad (generosity of )

The Generosity of the Bank of Mum and Dad Source: legal and general – Generosity of the bank of Mum and Dad Our infographic below summarises the key findings of generosity of the bank Mum and Dad, or read the full Bank of Mum and Dad 2018 report. A???rd?ng t? our l?t??t f?gur??, produced for th?…

Bank of Mum and Dad charging 4.3% interest
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Bank of Mum and Dad charging 4.3% interest

Bank of Mum and Dad charging 4.3% interest Source: Mortgage Strategy A quarter ?f parents w?uld ?h?rg? th??r ?h?ldr?n ?nt?r??t on ?n? l??n th?? m?k? t? h?l? w?th a ?r???rt? ?ur?h??? ?nd th? ?v?r?g? rate ?? 4.3 ??r ??nt. Th? survey fr?m ?r?wdfund?ng ?l?tf?rm UOWN f?und that 25.6 ??r cent ?f B?nk of Mum ?nd…

Government sells RBS shares at £2bn loss
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Government sells RBS shares at £2bn loss

Government sells RBS shares at £2bn loss Source: Mortgage Introducer Th? g?v?rnm?nt has ??ld 7.7% ?f R???l B?nk of Scotland ?h?r?? ?t a l??? ?f ?v?r £2bn. The ?h?r?? were sold ?t 271p ???h ?ft?r b??ng b?ught at ju?t over 500? ???h in 2008. John M?D?nn?ll, ?h?d?w ?h?n??ll?r, said: “Th?r? ?? n? ???n?m?? ju?t?f???t??n for…

OneFamily makes lifetime mortgage range more flexible
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OneFamily makes lifetime mortgage range more flexible

OneFamily makes lifetime mortgage range more flexible Source: Mortgage Introducer Jun. 5th, 2018 On?F?m?l? has ?h?ng?d ?t? l?f?t?m? m?rtg?g? criteria ?? ?u?t?m?r? h?v? the ??t??n of ????ng off ?nt?r??t as and wh?n th?? l?k?. The ?h?ng? m??n? ?u?t?m?r? ??n ??th?r r?ll the l??n u?, m?n?g? th??r l??n with regulator payments ?r m?k? individual payments ?f…