For most people, property is regarded as a long-term investment that provides stability in the milieu of daily life. But when life’s circumstances change, particularly in later life, knowing what’s best in terms of using your property’s equity to support your plans can be a tricky area to navigate. Downsize without selling your home For […]

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The 80s was a defining decade for home ownership with a boom in house price rises, and the Conservatives’ ‘right to buy’ policy encouraging more of us to invest in bricks and mortar.But one legacy of the era was a large number of homeowners who bought their property with an interest-only mortgage – often alongside poor performing endowment policies – many of which are now coming to an end. A number of these borrowers do not have provision to pay the capital owed on their home, having only paid the interest for the term of the loan. In this post we explore the options available to homeowners facing an interest only shortfall in retirement.

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