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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
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
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...