Many people in or approaching retirement find they still have an outstanding mortgage—often an interest-only loan where the full balance is due at the end of the term. For homeowners over 55, equity release can offer a practical way to clear that debt without selling up or downsizing. At MY LATER LIFE, we help you explore your options and find the best solution from across the whole equity release market.
Read more...Boomers Hold £2.95 Trillion in Property Wealth – What It Means for Retirement A recent Telegraph article highlights how UK homeowners aged 60 and over now hold nearly £3 trillion in housing wealth, with most of it mortgage-free. This growing “property rich but cash poor” trend means many retirees are sitting on valuable assets they’re not using. At MY LATER LIFE, we believe equity release is a smart way to unlock some of that value—giving you the freedom to enjoy your retirement, support family, or improve your quality of life without needing to sell your home.
Read more...My Later Life is now proudly offering equity release services in Hitchin and surrounding villages! As award-winning, whole-of-market brokers, we bring trusted advice and tailored solutions to this beautiful Hertfordshire town. From enjoying a pint at The Half Moon to watching Hitchin Town FC on Saturdays, we understand and love the local lifestyle. Whether you're looking to boost your retirement budget, support family, or simply enjoy more of what Hitchin has to offer, we’re here to help. Try our equity release calculator at www.my-laterlife.com or get in touch via www.equityreleasehitchin.co.uk.
Read more...MY LATER LIFE was proud to attend The Right Mortgage Network’s 10-Year Anniversary Gala on 27th March 2024, celebrating being named one of TRN’s Top 100 companies. We were honoured to receive runner-up for "Top Equity Release Company",
Read more...Equity release interest rates are influenced by long-term GILT yields, meaning they may fall if the economy stabilizes and inflation drops. Current rates start from around 5.94%, with most borrowers seeing rates between 6% and 7% depending on factors like loan size, age, and product features. While rates are higher than in recent years, personalised advice is key to finding the best plan for your needs. MY LATER LIFE helps you navigate these options with expert, award-winning guidance.
Read more...We’re celebrating Graham Clelland, our esteemed director at My Later Life, for being featured in Retirement News as a trusted voice in later-life financial advice! At 66 years young, Graham brings both expertise and personal understanding to the challenges retirees face when making major financial decisions.
Read more...At MY LATER LIFE, we are proud to be an Equity Release Council-approved member, ensuring homeowners receive safe, ethical, and fully regulated equity release solutions. The Equity Release Council sets strict industry standards, including the No Negative Equity Guarantee and lifetime property security, giving homeowners complete peace of mind. As an award-winning provider, we uphold these principles, offering transparent, expert guidance tailored to your needs.
Read more..."Our director, Graham, was recently featured on the Wealth Advisors website, sharing expert insights on how wealth managers adjust financial plans for major life events. In his article, he explores how home equity release can be a strategic solution for unexpected medical costs, ensuring long-term financial stability. Read more to learn how tailored financial planning can provide reassurance and flexibility in uncertain times."
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