by Devigo DigitalThe Impact of a Lifetime Mortgage on Inheritance Tax
A lifetime mortgage is a popular way for homeowners, over 55, to unlock equity from their property while continuing to live in it. Whether used to fund retirement income, home improvements, or support family members financially, a lifetime mortgage can provide significant benefits. However, it’s important to consider how it can impact inheritance tax (IHT) and the value of the property you...
by Devigo DigitalFunding Later Life Care with a Lifetime Mortgage
A growing number of adults are feeling anxious about how they’ll afford care in later life. A recent report by LV= revealed that 67% are worried about covering the cost of care, and 63% fear they’ll run out of money altogether. With the rising costs of medical and in-home support, and increasing pressure on public health services, it’s no surprise that this issue is top of mind for many. A...
by pIOnfITOmBritain’s later life lending boom!
The number of over-65 homeowners has increased by 52% over the last 20 yearsas homeowners are ageing at a faster rate than the UK population. According to the latest report from the Intermediary Mortgage Lenders Association, the need to serve a growing population of older homeowners is producing a new generation of mortgage products. The report has showed that homeowners over 55 now hold a...
by pIOnfITOm