source: scotsman.com Five ways to achieve the dream of early retirement Send to Kindle Most of us will look longingly at our bank accounts and wonder whether we will ever be able to afford to retire early to enjoy the good life. But it’s not impossible to plan for it and achieve it. Here are five…
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 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…
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 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?…
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….
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 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 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 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…
