What is the Minimum Age for Equity Release? Equity release becomes an option once you reach the age of 55. This age limit is established by most providers, although certain plans may specify a higher threshold, such as 60 or 65 years old. It’s important to note that removing someone from property ownership to satisfy […]
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Equity Release Age Limits and Options Under 55 in 2024
How To Qualify For Equity Release With Bad Credit
Can You Secure Equity Release Despite Bad Credit? Yes, you certainly can. Many are surprised to learn that obtaining an equity release scheme with a poor credit score might even be simpler than securing a traditional mortgage. Why so? Let’s explore the reasons behind this. In contrast to regular mortgages, equity release doesn’t require you […]
What Are the Best Alternatives to Equity Release in 2024?
Is Equity Release Right for You? If you’re over 55 and own your home, equity release could be an option. It allows you to release the equity (cash) tied up in your home, without having to sell it. But, it’s important to consider your circumstances and the reasons you need the cash before taking out […]
How to Improve Mortgage Credit Score? 10 Best Tips in 2023
How Do Credit Scores Work in the UK? A credit score is like a financial report card. It’s a number from 0 to 999 that shows how well you’ve managed your money and credit. The higher your score, the better your ‘grades’. This score comes from credit reference agencies – which are Experian, Equifax, and […]
How to Get Subprime Mortgages in the UK: A Complete Guide
What is a Subprime Mortgage? In the UK, a subprime mortgage is a type of home loan aimed at people who find it hard to get approved by typical mortgage lenders. It’s a good option if your application has been turned down due to a poor credit rating. You might be in this situation because […]
How to Get a Mortgage with an IVA? Your Complete Guide
Getting a mortgage after an Individual Voluntary Arrangement (IVA) in the UK might seem tricky. Lenders often see you as a high-risk borrower. But don’t worry – it’s not as tough as it used to be. Years ago, most lenders wouldn’t give mortgages to people with poor credit histories. Things changed in the late 20th […]
