The UK still has a solid buy-to-let market even though regulations have tightened and costs have increased in recent years. So there remains an opportunity to create a long-term rental income stream with the potential for capital appreciation. But is buy-to-let a worthwhile investment after 50?
There is a general misconception that mortgages are not accessible to those over 50. Historically, this may have been the case, but as we live longer and work longer, mortgage funding is now more accessible for the over 50s.
While securing a mortgage for a second home when you’re over 50 is possible, there are several issues to consider. Income, assets and releasing equity are all essential elements that you can use to raise funds.
If you are considering acquiring a traditional property in retirement or retirement property in a specialist housing complex, there are many issues of which you should be aware. Whether looking towards specialist mortgage funding or your rights within a specialist housing complex, you must research these issues before proceeding.
For those looking to raise capital from their home, remortgage or equity release are the two most common options. While both achieve the primary goal of raising money, they are very different, and there are many issues to consider. So which option would best suit your situation?
The property market continues to boil. The race for space has become a marathon. There is still a scramble to buy even a chicken coop to convert. The latest cry is ‘take to the boats!’
For most people, the investment in your home will be the most significant investment of your lifetime. Yet, while often caught up in the moment, some people fail to appreciate ways in which you can impact the value of your home without actually realising it. Check out these 15 ways you can devalue your home. Some of them will surprise you!
Releasing equity in your home is relatively simple in theory, but there can be challenges in practice. The equity release options available will depend upon your age, regular income and level of equity in your property. Remortgages, lifetime mortgages and home reversion schemes are the most popular options for the over 50s.