Browsing: Interest Only Lifetime Mortgage

The Benefits Of Having a Mortgage In Retirement

Paying off your mortgage before retirement may not always be the best idea. People strive throughout their working lives in order to attain their main…

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The Differences Between The Halifax Retirement Home Plan and Roll Up Equity Release Schemes

Come retirement age, many pensioners soon hit upon the realisation that cash is required more than ever. Being the longest holiday of one’s life and…

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What Is, And Where Can I Find an Interest Only Lifetime Mortgage?

The misconceptions that all lifetime mortgages will have a detrimental effect on the heirs to the estate are misguided. Due to adverse publicity sections of…

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Plan Ahead For Your Retirement With a Halifax Equity Release Scheme

Many people don’t plan for the future and when it comes to their retirement. They subsequently find they are short of money to live life…

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How Does The Halifax Retirement Home Plan Mortgage Work In Practice?

In essence, the Halifax Retirement Home Plan is a conventional mortgage but with a twist. Whereas, traditional mortgages finish once normal retirement age commences, the…

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Should Life Insurance be Taken Out to Protect the Halifax Retirement Home Plan or Any Other Interest Only Lifetime Mortgage?

As with any financial commitment, major consideration must always be given to the longevity of the loan, particularly in the case of interest only mortgages…

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What Are The Benefits Of Taking Out Life Cover On An Interest Only Lifetime Mortgage?

Mainly it would provide peace of mind, knowing that should the worst happen the mortgage can be repaid in full and thereafter NO monthly mortgage…

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Why Do I Have To Pay Off My Interest Only Mortgage By Age 75?

From the heady mortgage years of the 1990’s & 2000’s many retired people are now finding themselves in a quandary…’how do I repay my interest…

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Interest Only Mortgages Basics

The working of a traditional mortgage involved a borrower paying fully amortised monthly payments to the mortgage lender. This means that a borrower pays an…

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A Sneak Peek Into The Halifax Equity Release Retirement Plans

Equity release, such as Halifax Retirement Home Plan, has certainly become popular among senior citizens in UK. Equity release schemes are now a lot easier…

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