• What are retirement interest-only mortgages?

    By Carrie Ann on

    There are currently very few options for older people wanting to continue their mortgages into retirement. While many lenders have relaxed their upper age limits for residential mortgages – for example Halifax’s is now 80 and Nationwide’s 85 – there are catches. You must be able to prove that you can afford to make monthly mortgage repayments in retirement, and so pass the lender’s ‘affordability’ checks. Unless you are lucky enough to have a final salary pension scheme (e.g. if you are a teacher or are employed by your local Council) then it is very unlikely that you will be…

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  • Welcome to the New Equity Release Supermarket Website!

    By Mark Gregory on

    In 2008 Equity Release Supermarket developed their market leading website with innovative tools such as the Equity Release Comparison tables and Equity Release Calculator which were the first of their kind on the internet. Since then we have been updating the website to provide a greater user experience and interaction with our team of advisers. We now feel it’s time for a complete refresh & website design to how we help educate and inform consumers on matters relating to equity release schemes which we feel particularly passionate about. Our new website can be found here – https://www.equityreleasesupermarket.com. As the…

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  • Are there any catches to a Free Equity Release Calculator?

    By Mark Gregory on

    Anytime something is free it does not come without some catches. For example if you want to get a free quote for an equity release product, you might have to give up some of your information first. How much information you have to supply the free equity release calculator is dependent on where you find the tool and whether the company is data mining. There are, unfortunately, several online websites that will try to get your information to pass on to brokers. If the site is going to collect your data if should always be clear this is going to…

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