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5 8 million plan to use their home to help fund retirement

5 8 million plan to use their home to help fund retirement
mortgageintroducer.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from mortgageintroducer.com Daily Mail and Mail on Sunday newspapers.

Age Partnership launches equity release switching service

Age Partnership launches equity release switching service
mortgageintroducer.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from mortgageintroducer.com Daily Mail and Mail on Sunday newspapers.

Hope at last for thousands tangled in unfair equity release trap

Thousands of homeowners chained to toxic equity release mortgages could finally be set free, saving each of them thousands of pounds. Soaring numbers of older homeowners use the loans as a way to borrow money against the value of their properties. In contrast to conventional mortgages, the debt and interest is not repaid until the owner dies or moves into a care home. Hope: Age Partnership has pledged to look at all existing equity release loans to see whether borrowers can be switched to a better deal But homeowners who took out an equity release loan two or more years ago are likely to be on a bloated, expensive deal, which is rapidly devouring the value of their home.

Hope at last for thousands tangled in unfair equity release trap

Hope at last for thousands tangled in unfair equity release trap
thisismoney.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thisismoney.co.uk Daily Mail and Mail on Sunday newspapers.

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