Several major banks have announced support measures for customers affected by coronavirus, including mortgage payment holidays, increased credit limits and penalty-free access to fixed savings. Barclays, Lloyds and NatWest are among some of the major banks that have confirmed that support will be available to customers affected by Covid-19. Temporary credit limit increases, payment holidays
• 68% dip into cash savings to plug their income shortfall, 17% use their bank overdraft and 16% borrow on a credit card • A further 25% anticipate that the increase cost of living will push them into the red this year New research from equity release lender, more2life, reveals that more than a third
Many people who released equity from their homes in 2019 with Giraffe Equity Release used the funds to pay for home improvements. These homeowners chose to release some of their property equity to access a lump sum of tax-free cash. But funding your home improvements through equity release isn’t right for everyone. No monthly repayments
Older homeowners withdrew £3.92bn of housing equity in 2019 down slightly from £3.94bn in 2018, the latest figures from the Equity Release Council have shown. Despite the small dip the market has grown almost four-fold in the last decade, with the annual value unlocked rising from £945.97m in 2009. A total of 85,497
Don’t let an interest-only timebomb hit your home: Thousands of borrowers are at risk from mortgages that aren’t being paid off Around 85,000 interest-only loans are due to finish this year Banks have been ordered to treat interest-only customers fairly If you are worried about how you will repay your debt, call your lender
Equity Release is a way to unlock tax-free cash from your home, even if you still have a mortgage. You can do this from age 55, and if it’s right for you it can be a great way to give you access to some extra money. The way Equity Release works depends on the type
Every single financial decision you make throughout your life will have advantages and disadvantages, and Equity Release is no different. So is equity release a good idea? Well, before making a final choice about whether or not an Equity Release plan is right for you, it’s important to be aware of all the pros and
The advantage of using a lifetime mortgage broker is you get to see all of the equity release mortgages available for comparison. By having access to the whole market we can pick out products suited to you and your family’s needs. FREE initial consultation Compare products available to your financial circumstances Tailored equity release advice
Having somewhere to call home is important, and getting your children, and maybe even grandchildren, onto the property ladder is an important goal for many families. If you want to support family members financially, using your savings or giving away a portion of your budget may seem like the only options available. Can helping family cause
If you think equity release is best avoided, it’s time to think again. Perceptions are changing evidenced by significant market growth and demand in recent years. Despite this, there are still myths that need dispelling around lifetime mortgages. Myth 1: YOU’LL have to stay in the same property for the rest of your life. Some
You could potentially release
Let’s take some details to aid you in your FREE no obligation enquiry.
Or simply call us on: 0800 622 6414
Your information is solely for Giraffe to aid your enquiry. All information supplied will be kept confidential and never passed on to any third party.