My Later Life celebrates five years since the formation of MY GROUP INC LIMITED in 2021. Discover our story, from decades of industry experience to a growing team of 17, a fresh new look and award-winning achievements.
Read: Five Years of My Later LifeConsidering equity release in Oxford? Explore how lifetime mortgages work, what they could cost and which alternatives are worth considering. Meet Chris, Kathy, Dylan and Mark, our Oxford equity release specialists, and learn how your property and personal circumstances could shape your options.
Read: Equity Release Oxford A Guide for Homeowners and introducing our teamA home worth £2 million does not always mean a comfortable retirement income. Following a Money Mail report, we explore older homeowners’ concerns about the planned property tax, whether equity release could help, and the costs, risks and alternatives to consider.
Read: The £2 Million Property Tax: Could Equity Release Help You Stay in Your Home?Considering equity release or a later life mortgage in Bath? My Later Life’s local adviser, Alex Amber, offers home visits to help you understand your options in familiar surroundings. Written by Equity Release Director Graham Clelland, this guide explains eligibility, costs, risks and alternatives, including considerations for Bath’s period homes and leasehold flats. Discover our personal approach, read our five-star Google customer reviews and arrange a conversation about your circumstances.
Read: Equity Release and Later Life Mortgages in BathHow much does £50,000 equity release really cost? Graham Clelland, Director of My Later Life, explains fees, compound interest and how repayments could affect the amount you owe. Compare illustrative costs over 5, 10, 15 and 20 years, discover the difference £100 monthly payments could make, and explore the risks, inheritance implications and alternatives before making a decision.
Read: £50,000 Equity Release Costs Explained by Graham Clelland My Later LifeWhat is the difference between a repayment mortgage, interest-only mortgage, retirement interest-only (RIO) mortgage and lifetime mortgage? This guide explains how each option works, including monthly payments, affordability checks, interest and when the original loan must be repaid. It also addresses a common misconception about equity release: many lifetime mortgages allow you to pay some or all of the interest, helping to reduce or prevent interest roll-up while retaining greater payment flexibility.
Read: Which is righ for me , a Repayment vs Interest-Only vs Lifetime vs RIO MortgagesWhat happens after you apply for equity release? Once your lifetime mortgage application is submitted, it moves through a series of lender, valuation and legal checks before the money can be released. This My Later Life guide explains the nine usual stages, from instructing an independent solicitor and checking the property title through to valuation, mortgage offer, legal advice, completion and Land Registry registration. It also explains who is responsible at each stage, what can cause delays and the simple steps you can take to help your application progress smoothly.
Read: What happens after you apply for equity release?What happens if you inherit a house with equity release? In most cases, the outstanding lifetime mortgage must be repaid before the property can pass to beneficiaries free of the lender’s charge. The home is often sold and the debt repaid from the proceeds, but beneficiaries may be able to keep the property if the mortgage can be cleared using other funds or new finance. This guide from My Later Life, written by Managing Director Graham Clelland, explains who is responsible for the debt, what happens during probate, whether interest continues after death, how joint lifetime mortgages are treated, what happens if the loan is worth more than the property, and how the Equity Release Council’s No Negative Equity Guarantee can protect an estate. It also includes practical steps for executors, worked examples, inheritance considerations and options for families who want to keep the home.
Read: What Happens If You Inherit a House With Equity Release?
