How can I pay off my existing mortgage in retirement?

How can I pay off my existing mortgage in retirement?

By paying off your existing mortgage before retirement, you could free up money to spend on the things that you need and want. But what happens if you haven’t paid it off by the time you’re done with working life? Is it still possible to pay off your mortgage in retirement and feel more financially

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Who’s helping the Bank of Mum, Dad, Gran and Grandad?

Who’s helping the Bank of Mum, Dad, Gran and Grandad?

The past 12 months have been challenging ones for first-time buyers. Reduced salaries due to furlough, redundancies and restrictions on low-deposit mortgage options have made it even harder for young people to secure a mortgage. So it’s no surprise that loved ones have turned to family for help. But what about the parents & grandparents

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Will equity release affect your eligibility for benefits?

Will equity release affect your eligibility for benefits?

Giraffe Equity Release will always help our customers understand the ins and outs of equity release. This includes how it may affect your entitlement to mean-tested benefits. Thousands of people have decided that equity release is right for them with a significant number securing a more financially stable future. However, doing this when you get

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Releasing equity from a buy-to-let property or portfolio of buy-to-let properties

Releasing equity from a buy-to-let property or portfolio of buy-to-let properties

A buy-to-let property is one that is not occupied by the owner and is let-out under an Assured Shorthold Tenancy Agreement (AST). Whether you have a single buy-to-let property or you have an established property portfolio, you may be able to use equity release as a way to raise funds. As part of the application

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Using Equity Release to purchase a new property

Using Equity Release to purchase a new property

The process of using Equity Release to buy a new home Picture this. You would like to move to your forever home, but it is out of your budget. You have an existing mortgage which you would like to pay off, rather than borrowing more, and having larger monthly payments to commit to at this

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Our proudest achievement is our family, said 53% of over 55–year–olds

Our proudest achievement is our family, said 53% of over 55–year–olds

Our proudest achievement is our family, said 53% of over 55–year–olds Months in lockdown has made many of us readdress what’s important to us. A recent study of UK adults aged 55 and over has found that our family is our proudest achievement in life, with more than half of the people surveyed referencing their

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Average rates for equity release hit all time low

Average rates for equity release hit all time low

The average rates for equity release products fell to a record low of 4.48%, with 40% of plans offering rates below 4% – an all-time low for the equity release industry, the Equity Release Council’s (ERC’s) Spring 2020 report has revealed.   Older homeowners unlocked nearly £4bn of property wealth in 2019 whilst product options

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No-nonsense Guide

No-nonsense Guide

Equity Release no-nonsense guide No annoying jargon, just clear and helpful information What is Equity Release? Equity Release is a way of freeing up some of the cash (equity) tied up in your home to enjoy a retirement to remember. The tax-free money you release is yours to spend as you wish, whether that’s for

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Equity Release Myth Busting

Equity Release Myth Busting

Myths about equity release are often widespread from previous examples before it was a regulated market in 2004. We want to challenge peoples past perceptions so you feel confident with equity release products. Myth – “It’s unregulated” Reality: Actually, you’ll find that since 2004, the equity release market is fully regulated. All equity release providers

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