{"id":12698,"date":"2016-05-11T19:25:05","date_gmt":"2016-05-11T12:25:05","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/more-people-using-equity-release-to-repay-interest-only-mortgages\/"},"modified":"2016-05-11T19:47:03","modified_gmt":"2016-05-11T12:47:03","slug":"more-people-using-equity-release-to-repay-interest-only-mortgages","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/more-people-using-equity-release-to-repay-interest-only-mortgages\/","title":{"rendered":"More people using equity release to repay interest-only mortgages"},"content":{"rendered":"


\nMaturing 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 a \u201csurge\u201d in sales of lump-sum equity release plans over the past 12 months as people try to find the money to repay what they owe their mortgage lender. Continue reading…
\n
\nSource : theguardian.com
\nRead more…More people using equity release to repay interest-only mortgages<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Maturing interest-only mortgages are triggering a surge in the sales of equity release plans, figures...<\/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-12698","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\/p75ss1-3iO","jetpack-related-posts":[{"id":131565,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uk-mortgages-could-equity-release-help-with-rising-costs\/","url_meta":{"origin":12698,"position":0},"title":"UK mortgages: could equity release help with rising costs?","date":"November 12, 2022","format":false,"excerpt":"\r Record numbers of older people are freeing up money from their homes \u2013 but doing so does have its drawbacksAn increasing number of older people are considering dipping into the value stored in their homes to help with the UK\u2019s cost of living crisis.Some want cash to upgrade their\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":61652,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/four-reasons-why-uk-equity-release-mortgages-will-boom\/","url_meta":{"origin":12698,"position":1},"title":"Four reasons why UK equity release mortgages will boom","date":"July 24, 2017","format":false,"excerpt":"\r Fast-growing sector could be the answer for a population facing financial pressures\r \r Source : ft.com\r Read more...Four reasons why UK equity release mortgages will boom","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":42137,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/is-equity-release-a-good-way-to-pay-off-your-home-loan\/","url_meta":{"origin":12698,"position":2},"title":"Is equity release a good way to pay off your home loan?","date":"January 28, 2017","format":false,"excerpt":"\r You\u2019ve been paying interest only, but finding a large sum to cover the capital is a problem. We look at equity releaseThe number of people raiding the equity locked up in their home to pay off their interest-only mortgage is set to rocket. But is signing up for an\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":114938,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/my-wife-and-i-still-work-what-mortgage-should-we-get\/","url_meta":{"origin":12698,"position":3},"title":"My wife and I still work \u2013 what mortgage should we get?","date":"March 16, 2020","format":false,"excerpt":"\r I already receive two pensions and am due a third and we\u2019re thinking of going for a lifetime mortgageQ I\u2019m a 64-year-old man in full-time employment earning around \u00a355,000 a year. My wife is 59 years old and a self-employed beauty therapist, earning around \u00a37,000 a year. I already\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":2621,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/equity-release-levels-hit-record-high-among-over-55s\/","url_meta":{"origin":12698,"position":4},"title":"Equity release levels hit record high among over-55s","date":"January 25, 2016","format":false,"excerpt":"\r More than 22,500 deals were agreed in 2015, showing a growing reliance on housing wealth as a key pillar of later-life financial planning A record amount of housing wealth was unlocked by homeowners aged 55 and over in 2015, with \u00a31.61bn withdrawn through specialist equity release plans.Lending was up\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":48950,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/equity-release-schemes-how-they-work\/","url_meta":{"origin":12698,"position":5},"title":"Equity release schemes: how they work","date":"February 7, 2013","format":false,"excerpt":"\r Equity release schemes enable older homeowners to tap into the value of their property without the need to sell up and move out. There are two main types of scheme \u2013 lifetime mortgages and reversion schemes \u2013 and deciding which to go for is just one of the decisions\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\/12698"}],"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=12698"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/12698\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=12698"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=12698"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=12698"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}