Many people are trapped in their mortgage deal and find that they are unable to remortgage in order to release equity from their own home and move onto a better rate.
The property market in Scotland today is fast-moving with properties are being sold well in excess of the Home Report value, and there are no signs of it slowing down any time soon. It’s important that you get all of your paperwork in order to avoid any delays in the sale of your property.
Pensioners looking to help their children or grandchildren get a foot on the property ladder or who are stuck with existing interest-only mortgages could be offered a new type of home loan.
In recent months, we have seen a rise in the number of interest-only mortgages available to those in retirement age. This has made a huge impact for those looking for mortgages in retirement.