{"id":42137,"date":"2017-01-28T14:00:48","date_gmt":"2017-01-28T07:00:48","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/is-equity-release-a-good-way-to-pay-off-your-home-loan\/"},"modified":"2017-01-28T14:03:26","modified_gmt":"2017-01-28T07:03:26","slug":"is-equity-release-a-good-way-to-pay-off-your-home-loan","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/is-equity-release-a-good-way-to-pay-off-your-home-loan\/","title":{"rendered":"Is equity release a good way to pay off your home loan?"},"content":{"rendered":"


\nYou\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 equity release plan a good idea? And what are the other options for those who took out an interest-only deal perhaps 20-25 years ago who are now staring down the barrel of a hefty shortfall?The City watchdog has identified 2017-18 as the first of three \u201cpeak periods\u201d when large numbers of interest-only mortgages will mature. It estimated that about 85,000 of these home loans are due for repayment this year, and then the same again next year. This has in turn prompted claims that the equity release market stands to benefit hugely. Continue reading…
\n
\nSource : theguardian.com
\nRead more…Is equity release a good way to pay off your home loan?<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

You\u2019ve been paying interest only, but finding a large sum to cover the capital is...<\/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-42137","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-aXD","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":42137,"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":127007,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/we-need-100000-to-move-closer-to-one-of-our-children-should-we-use-equity-release\/","url_meta":{"origin":42137,"position":1},"title":"We need \u00a3100,000 to move closer to one of our children. Should we use equity release?","date":"June 13, 2022","format":false,"excerpt":"\r We would prefer not to downsize but comparable property would require that extra sumQ I would be interested in your opinion on a proposal my wife and I are considering. We wish to move house to live closer to one of our children but, unfortunately, they live in a\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":67718,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/so-is-equity-release-really-that-bad\/","url_meta":{"origin":42137,"position":2},"title":"So is equity release really that bad?","date":"June 4, 2006","format":false,"excerpt":"\r Maybe not, says Jon Robins, but it pays to think carefully before unlocking the money in your homeAt a time of overstretched pensions and low interest rates, it is hardly surprising that many older homeowners are planning to cash in some of the equity in their homes to make\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":131565,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uk-mortgages-could-equity-release-help-with-rising-costs\/","url_meta":{"origin":42137,"position":3},"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":116475,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/equity-release-debt-is-growing-can-i-apply-for-mortgage-holiday\/","url_meta":{"origin":42137,"position":4},"title":"Equity release debt is growing \u2013 can I apply for mortgage holiday?","date":"May 18, 2020","format":false,"excerpt":"\r Reader 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\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":114095,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/equity-release-what-are-the-options-for-older-people\/","url_meta":{"origin":42137,"position":5},"title":"Equity release: what are the options for older people?","date":"February 7, 2020","format":false,"excerpt":"\r Taking cash out of your home is more popular than ever, but other choices could be better for youOlder people are withdrawing \u00a310m a day from their homes \u2013 adding up to \u00a33.4bn last year \u2013 and it\u2019s not just for new kitchens and dream holidays. New research reveals\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\/42137"}],"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=42137"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/42137\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=42137"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=42137"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=42137"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}