Loans for today’s living

Loans for today’s living

Figures from Canada Life Home Finance reveal that 1 in 5 equity release customers take out loans to bolster their day-to-day retirement finances. The findings underscore the growing use of the loans to fulfill retirement plans, especially as a third of people surveyed...
Time to plan

Time to plan

Pensioners of tomorrow risk a shortfall of more than £68,000 over the course of their retire-ment as one in three (33%) middle-aged Brits expect to survive solely on their state pension, new research from Nationwide Building Society shows. The shortfall would be...
No more IO

No more IO

The number of interest-only mortgages fell by (13.1 per cent) in 2018 compared to the previous year, UK Finance figures published this week reveal. It means the total number of pure interest-only mortgages has now fallen by over half (54 per cent) in the past seven...