Later Life Money

21/07/2023

Equity Release allows you to raise money from your property for various uses. In the video below, Steve discusses common uses for funds released, and recommendations of what to avoid using these funds for.

In this video we discuss what you can raise funds for using Equity Release and common reasons for doing so. If you are interested in Equity Release, you can ...

07/07/2023

A Lifetime Mortgage will release Equity from your home, which can affect any inheritance your beneficiaries may receive in future. In this video, Steve discusses exactly how this could affect the Estate and Inheritance and the reasons for this.

In this video we explore how Equity Release can affect your Estate and Inheritance, and potential options to preserve a portion of this should you wish to do...

23/06/2023

Equity Release can be used to clear your current mortgage in full, or consolidate unsecured debts. This can be considered for a variety of reasons, such as hiking interest rates affecting monthly payments, or the mortgage nearing the end of its term.

Our Adviser, Steve Paterson, discusses the use of Equity Release for this purpose in the following video.

In this video we discuss if clearing your Mortgage and Debts with Equity Release is viable and offer recommendations for debt management assistance. If you a...

16/06/2023

Equity Release today is well regulated, with a variety of flexible products available for potential clients with a variety of protections in place. However, a negative perception of Equity Release still lingers from its past. In this video, Steve discusses why Equity Release has had such a negative reputation and the reasons for this.

In this video we discuss why Equity Release previously has had a poor reputation and the changes made to the products and processes that have improved its re...

19/05/2023

In this short video, we discuss the potential effects that an Equity Release Lifetime Mortgage may have on those with Means Tested Benefits.

In this video we look at how Equity Release can affect your Benefits and in what situations this would occur.

05/05/2023

We strive to be as transparent as possible when discussing Equity Release and Lifetime Mortgages. In this video post we discuss the Fees and Costs that must be considered should a Lifetime Mortgage interest you.

In this video we discuss the usual Fees and costs involved in taking an Equity Release and what the purpose of these fees would be.If you are interested in E...

21/04/2023

Drumroll, please...! Introducing our latest Team Member at Later Life Money, please welcome Mr Chew Bacca!

Chewy is available for Home Visits throughout the North East and brings a wealth of experience from across the Galaxy. Be quick, his diary is filling up very fast!

14/04/2023

Interested in Applying for a lifetime mortgage with Equity Release, but don't know how to apply or how long you'll have to wait? Steve Paterson, our Director and Adviser covers the basics in (almost) 60 seconds! You can find more informative videos on our Youtube Channel or our Website, at www.laterlife-money.co.uk.

In this video we discuss how to apply for Equity Release, summarise the step-by-step process of doing so, and the general timescales involved. If you are int...

24/03/2023

Another week, another blog! In this blog post we talk over the benefits of using ourselves at Later Life Money to assist you with a Lifetime Mortgage and any Equity Release requirements you may have.

Later Life Money Limited is a financial Advisory company that specializes in providing advice on lifetime mortgages, also known as equity release products, to homeowners aged 55 and over. If you are considering a lifetime mortgage, you may be wondering why you should choose Later Life Money Limited....

17/03/2023

Good morning. In this Blog post we discuss what exactly Equity Release and Lifetime Mortgages are and how these could assist you in retirement.

As we grow older, our priorities and needs change, and so does our financial situation. For many people, later life can be a time of reduced income, limited savings, and increasing expenses. This is where equity release comes in as an option to help people access the equity in their homes to support...

03/03/2023

Sneaking another post in before the afternoon arrives. In this Blog Post we discuss what the common uses of funds raised by way of Equity Release, and offer a few examples for reference.

Equity release is a popular financial product that allows homeowners to access the equity in their homes while still living in them. Equity release has become an increasingly popular option for older adults who are looking to supplement their income or access funds for other reasons. In this blog, w...

03/03/2023

Starting off the morning with a new blog post! In this post we discuss what Gilt Rates are, and their relation to Equity Release.

Gilt rates and equity release may seem like two completely unrelated topics, but they are actually closely connected. In this blog post, we will explain how gilt rates work in relation to equity release and why they are important for homeowners considering this financial product. First, let's define...