Mark Gregory

Contact Mark Gregory:

Email: mark@equityreleasesupermaket.com

Tel: 07966 779654


Mark Gregory's articles


  • Legal & General Optional Payment Lifetime Mortgage – A Toe in the Water Before a Dive into the Retirement Interest Only Market?

    By Mark Gregory on

    The recent launch of Legal and General Home Finance’s Interest-Only Lifetime Mortgage has generated a lot of media commentary. The Optional Payment Lifetime Mortgage plan aims to address some of the issues surrounding the plight of over 1.6 million interest-only mortgage prisoners. But is the product worthy of all the fuss? Here we discuss the merits of the Optional Payment Plan and its timely launch – at the dawn of the Retirement Interest-Only Mortgage era. The term ‘Interest-only’ has been synonymous with the economic crash over a decade ago, when poor lending eventually led to a tougher stance by the Financial…

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  • Meet John Who Helped His Granddaughter Buy Her First Home

    By Mark Gregory on

    Meet John who is 78 years old and has admired his only granddaughter, Victoria who he’s seen grow up over the years. John is proud that Victoria has worked her way through school and university and has now secured a good job in London. John being close, has witnessed how Victoria struggles each month and particularly so in trying to save up every month with a view to getting on the housing ladder. From the income she receives, she spends what she earns on everyday costs and day-to-day living. John’s always wanted to leave Victoria an inheritance, and with…

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  • Why Retirement Advantage’s New Buy-to-Let Equity Release Helps Tip the Balance Back in Landlords Favour

    By Mark Gregory on

    The launch of new buy-to-let equity release schemes from Retirement Advantage shows how this emerging financial services sector is positively looking to help innovate in the 55+ marketplace. This article focuses on how these re-introduced BTL lifetime mortgage plans can give a welcome boost to landlords who’ve recently been affected by changes in rental taxation and stamp duty. The concept of taking equity release on rental properties isn’t new to the lifetime mortgage industry. Post economic downturn, now over a decade ago, NewLife Mortgages bravely launched a Landlord equity release scheme that tried to help breathe life back into an…

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  • Interest Rate War Stokes Up the Equity Release Market

    By Mark Gregory on

    Equity Release Supermarket are currently experiencing the largest number of equity release interest rate reductions that have ever been witnessed in the industry. With lifetime mortgage rates now starting below 3% for the first time ever, and fixed rates below 4%, we look at the effect this can have on homeowners over the age of 55, who are maybe considering ‘is now the best time to apply for a lifetime mortgage?’.  

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  • Why the OneFamily 2.96% Variable Interest Rate is a Game-Changer for the Future of Equity Release

    By Mark Gregory on

    Launching a unique range of variable & fixed rate equity release schemes, the OneFamily ‘Lite’ & ‘Standard’ plans may herald the start of the greatest innovation the equity release market has seen. Where many have dared, OneFamily boldly go where no equity release has gone before: The Final Frontier – Variable Interest Rates! The significance of a variable equity release interest rate should in no way be underestimated, as it marks the end of a long journey that has seen a lack of innovation in lifetime mortgage product design. Understandably, there are economic & regulatory factors that may have influenced…

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  • Do I Qualify for an Equity Release Mortgage?

    By Mark Gregory on

    There is several strict criteria equity release companies use to assess whether any individual is eligible to take out a lifetime mortgage, or home reversion plan. To qualify for an equity release mortgage the overriding criteria must be that the applicant must own their property, of which it must be their main residence. Let’s look at the rest of the equity release qualifying rules individually: – 1. Location of Home – the property MUST be situation in the UK which includes England, Wales, Scotland and Northern Ireland. Following this, certain lenders can impose localised rulings as…

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  • Review your Papilio UK (Northern Rock) Lifetime Mortgage to Calculate the Substantial Savings You Can Make.

    By Mark Gregory on

    One of the casualties on the 2008 financial crash was the Newcastle based – Northern Rock bank. For the first time in over 180 years, we saw a run on a bank in the UK. After the calamity of the credit crunch and the resulting fallout thereof, we evidenced the collapse of Northern Rock. This meant the bank was eventually sold off in parts, with the profitable banking arm being acquired by Virgin Money. However, importantly the lifetime mortgage loan book was bought by J P Morgan who transferred administration of the lifetime mortgages to its subsidiary,…

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