If you are over 55 you may be considering your financial position and looking at ways to increase your income. An option for homeowners over 55 is equity release. This is where the cash tied up in your home is released, either as a lump sum or over a few smaller amounts.
If you are in a position where overpaying on your mortgage, or even paying it off in full is an option, before you go straight ahead and make the payments, take time to consider whether this is the best way to maximise your money and get your hard-earned cash working for you.
Getting on to the property ladder can be tough, but once on it, your property could prove to be a worthwhile investment. And while it may be tempting to sit back and enjoy your home, it is important to keep an eye on your mortgage to ensure you are getting the best possible deal.
Looking to ease the burden on your finances? A great way to do so is to look through your monthly outgoings and check whether you really are getting the best possible deals.
Are you considering investing in a buy-to-let property? It could be a worthwhile investment that sees the mortgage on the property paid off by tenants while it continues to increase in value. However, there is much to consider when buying a property to let, read on to find out more…