{"id":116475,"date":"2020-05-18T13:00:20","date_gmt":"2020-05-18T06:00:20","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/equity-release-debt-is-growing-can-i-apply-for-mortgage-holiday\/"},"modified":"2020-05-18T13:36:32","modified_gmt":"2020-05-18T06:36:32","slug":"equity-release-debt-is-growing-can-i-apply-for-mortgage-holiday","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/equity-release-debt-is-growing-can-i-apply-for-mortgage-holiday\/","title":{"rendered":"Equity release debt is growing \u2013 can I apply for mortgage holiday?"},"content":{"rendered":"


\nReader thwarted by lockdown from selling mother\u2019s home to pay for her care home costsQ My mother took out a lifetime mortgage for equity release in 2011. The amount borrowed was nearly \u00a3100,000 (about half the value of her home at that time) at a rate of interest of 7.54%. Following a stroke, she moved into a nursing home in December 2019 so I am now in the process of selling her house to fund the care home fees.By lockdown in March, I had a buyer in place but activity has been frozen for the last three months. Meanwhile the debt repayable to the equity release firm is apparently increasing at \u00a3230 a week, which would reduce the equity available at the end of the lockdown period by over \u00a33,000. Continue reading…
\n
\nSource : theguardian.com
\nRead more…Equity release debt is growing \u2013 can I apply for mortgage holiday?<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Reader thwarted by lockdown from selling mother\u2019s home to pay for her care home costsQ...<\/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-116475","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-uiD","jetpack-related-posts":[{"id":12698,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/more-people-using-equity-release-to-repay-interest-only-mortgages\/","url_meta":{"origin":116475,"position":0},"title":"More people using equity release to repay interest-only mortgages","date":"May 11, 2016","format":false,"excerpt":"\r Maturing interest-only mortgages are triggering a surge in the sales of equity release plans, figures revealGrowing numbers of people with maturing interest-only mortgages are raiding the equity in their homes to pay off the debt, figures reveal.One of the leading firms specialising in retirement planning said it had seen\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":95907,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/beware-hidden-traps-in-british-equity-release-mortgage-products\/","url_meta":{"origin":116475,"position":1},"title":"Beware hidden traps in British equity release mortgage products","date":"August 13, 2018","format":false,"excerpt":"\r Two key ways lenders can lose out are longevity and a fall in house prices\r \r Source : ft.com\r Read more...Beware hidden traps in British equity release mortgage products","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":131414,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/is-equity-release-an-option-when-my-mortgage-fix-ends-or-am-i-too-young\/","url_meta":{"origin":116475,"position":2},"title":"Is equity release an option when my mortgage fix ends or am I too young?","date":"November 7, 2022","format":false,"excerpt":"\r I am 60 next year and the outstanding mortgage on the \u00a3300,000 property is \u00a3150,000Q Should I explore equity release when my two-year fixed-rate deal (on my 15-year repayment mortgage) comes to an end? I am 60 next year and intend to work until I am 67. I have\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":55221,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/whats-the-best-way-to-release-equity-for-home-improvements\/","url_meta":{"origin":116475,"position":3},"title":"What's the best way to release equity for home improvements?","date":"May 18, 2017","format":false,"excerpt":"\r I don\u2019t have a mortgage and need some cash for new windows and doorsQ I would like to know more about equity release. I am a homeowner with no mortgage on my house. I cleared my mortgage back in 2013 when my endowment policy reached maturity.I would like to\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":123198,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/equity-release-surges-in-latest-quarter\/","url_meta":{"origin":116475,"position":4},"title":"Equity release surges in latest quarter","date":"November 12, 2021","format":false,"excerpt":"\r Gifting to family members for housing deposits drives borrowing in the \u2018lifetime mortgage\u2019 market\r \r Source : ft.com\r Read more...Equity release surges in latest quarter","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":138464,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/is-equity-release-the-best-way-to-buy-a-house-in-sweden-a-year-before-we-sell-in-the-uk\/","url_meta":{"origin":116475,"position":5},"title":"Is equity release the best way to buy a house in Sweden a year before we sell in the UK?","date":"July 24, 2023","format":false,"excerpt":"\r We are thinking of \u00a3150,000, some for decorating, as my husband wants to be nearer his family when he retiresQ My husband and I are going to move to Sweden when he retires as he wants to be nearer to his family. We own our home outright. We are\u2026","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\/116475"}],"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=116475"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/116475\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=116475"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=116475"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=116475"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}