{"id":105329,"date":"2019-03-23T14:30:06","date_gmt":"2019-03-23T07:30:06","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/retirement-interest-only-mortgages-offer-lifeline-to-older-borrowers\/"},"modified":"2019-03-23T15:04:50","modified_gmt":"2019-03-23T08:04:50","slug":"retirement-interest-only-mortgages-offer-lifeline-to-older-borrowers","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/retirement-interest-only-mortgages-offer-lifeline-to-older-borrowers\/","title":{"rendered":"Retirement interest-only mortgages offer lifeline to older borrowers"},"content":{"rendered":"


\nDemand is growing for a new type of home loan that helps the over-55s facing a shortfall at the end of their existing termA new breed of interest-only mortgage for older people is starting to take off. These deals could throw a lifeline to thousands of people who have an interest-only home loan that\u2019s coming to an end, but don\u2019t know how they are going to pay back what they owe.Interest-only mortgages became virtually extinct following the credit crunch and were once branded a ticking timebomb. During the past few years some older homeowners with these mortgages have found themselves staring down the barrel of a big shortfall and worried they could lose their homes. Continue reading…
\n
\nSource : theguardian.com
\nRead more…Retirement interest-only mortgages offer lifeline to older borrowers<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Demand is growing for a new type of home loan that helps the over-55s facing...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-105329","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-roR","jetpack-related-posts":[{"id":83083,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/interest-only-mortgages-how-to-tackle-the-shortfall\/","url_meta":{"origin":105329,"position":0},"title":"Interest-only mortgages: how to tackle the shortfall","date":"March 19, 2018","format":false,"excerpt":"\r From remortgaging to speaking to your lender, there are a number of ways borrowers can ensure they keep their homeIt is the mortgage that has been labelled a ticking timebomb. The City regulator recently warned about the significant number of people with interest-only mortgages who are in danger of\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":137920,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/interest-only-mortgages-a-godsend-for-uk-borrowers-if-you-can-get-one\/","url_meta":{"origin":105329,"position":1},"title":"Interest-only mortgages: a godsend for UK borrowers (if you can get one)","date":"June 24, 2023","format":false,"excerpt":"\r Such deals can halve your monthly payments but lenders are picky and there are drawbacksIf you are one of those households staring down the prospect of unaffordable monthly mortgage repayments, one option is to go interest-only.Massive before the 2008 financial crisis, interest-only mortgages in which the borrower only repays\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":78501,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/interest-only-borrowers-risk-losing-homes-warns-watchdog\/","url_meta":{"origin":105329,"position":2},"title":"Interest-only borrowers risk losing homes, warns watchdog","date":"January 31, 2018","format":false,"excerpt":"\r Regulator says many of 1.67m mortgage holders face large shortfall with some ignoring problemThe City regulator has sounded an alarm about the \u201csignificant numbers\u201d of people with interest-only mortgages who may be in danger of losing their homes.The Financial Conduct Authority (FCA) said many interest-only borrowers could face a\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":123790,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/bank-of-england-plans-to-remove-interest-rate-rule-for-mortgages\/","url_meta":{"origin":105329,"position":3},"title":"Bank of England plans to remove interest rate rule for mortgages","date":"December 14, 2021","format":false,"excerpt":"\r Bank wants to scrap rule that borrowers must be able to afford rate rise of three percentage pointsThe Bank of England has announced plans to ease mortgage lending rules in a move that could help thousands of first-time buyers get on to the property ladder.The central bank said it\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":147114,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/from-mortgages-to-auto-loans-experts-weigh-in-on-when-or-if-to-refinance-as-interest-rates-fall\/","url_meta":{"origin":105329,"position":4},"title":"From mortgages to auto loans, experts weigh in on when \u2014 or if \u2014 to refinance as interest rates fall","date":"September 19, 2024","format":false,"excerpt":"\r The Federal Reserve just cut interest rates by a half point. That may open up some refinancing opportunities for borrowers, depending on the type of loan.\r \r Source : cnbc.com\r Read more...From mortgages to auto loans, experts weigh in on when \u2014 or if \u2014 to refinance as interest\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":116233,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/seniors-turn-to-reverse-mortgages-as-a-cash-lifeline-during-the-coronavirus-crisis\/","url_meta":{"origin":105329,"position":5},"title":"Seniors turn to reverse mortgages as a cash lifeline during the coronavirus crisis","date":"May 11, 2020","format":false,"excerpt":"\r More seniors turn to reverse mortgages as a cash lifeline during the coronavirus pandemic.\r \r Source : cnbc.com\r Read more...Seniors turn to reverse mortgages as a cash lifeline during the coronavirus crisis","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/105329"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=105329"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/105329\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=105329"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=105329"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=105329"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}