Retirement Interest Only (RIO) mortgages offer an intriguing option if you have reached retirement age and are looking to remortgage your property or to release some of the equity you’ve built up within your home. If you’ve struggled to meet the lending criteria for other types of mortgages or you’re keen to explore your equity … Continue reading What are RIO Mortgages? Everything You Need to Know
The lowest interest rate on equity release is currently around 6.97%. This is for a mortgage with an LTV (Loan to Value) of less than 20%. Interest rates for equity release mortgages are determined by age and LTV, and clients with a higher LTV may be facing fixed rates of 10% or more (as of … Continue reading Remortgaging to Release Equity in 2023 – Securing the Lowest Equity Release Interest Rate
Throughout 2022 there has been a lot of talk about mortgage interest rates rising. So with that in mind, Sam and Nick from DWG mortgages visited Foundation Estate Agents to talk about what is really happening in the world of UK mortgages. Over the last few years we've been spoiled with interest rates as low … Continue reading Mortgage Market Update – October 2022