• Darren Shepherd

Managing debt in retirement – Equity Release


By the end of 2019, later life lending is expected to reach £295 billion and to rise to £548 billion by 2029, an increase of 85% over the decade.


Rapid growth area


This type of lending is growing rapidly due to factors such as rising house prices, buying property later in life, an ageing population and an increased acceptance of using unsecured debts in retirement.


Ongoing debt takes its toll


More of us are now entering retirement on fixed incomes, with ongoing debts to pay – please get in touch to see how Equity Release could help you with unexpected expenses or to enhance your retirement years.


A lifetime mortgage is a long-term commitment which could accumulate interest and is secured against your home.


Equity release is not right for everyone and may reduce the value of your estate


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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE

YOU MAY HAVE TO PAY AN EARLY REPAYMENT CHARGE TO YOUR EXISTING LENDER IF YOU REMORTGAGE


Typically we charge a fee of £299 for arranging your mortgage.

However, the actual fee will depend on your circumstances but will not exceed 1.5% of your mortgage.

 

dsMortgages is an appointed representative of Stonebridge Mortgage Solutions Limited
which is authorised and regulated by the Financial Conduct Authority.

 

Proprietor: Darren Shepherd

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