The landscape of retirement is changing. Partly due to an increase in the cost of living over the past years. Many are now heading into retirement, looking for ways to unlock the value in their house and get it working for them.
Whether it’s clearing existing debts, bringing about home improvements, securing a holiday home in the sun, or helping your children get on the property ladder, understanding your options has never been more important.
That is why we are thrilled to announce the appointment of Mark Collender as a dedicated specialist in later life products at Mortgage Advice Bureau.
Expertise you can trust…
Navigating mortgages in later life requires a specialised kind of knowledge. A proud member of the equity release council, Mark brings over 3 decades of industry experience at the UK’s biggest names, including Head of Retail at Lloyds Banking Group. His approach is built entirely around your circumstances, making sure you receive advice that is responsible, transparent and tailored to you.
Mark Collender can help you explore:
- Managing maturing Interest-Only mortgages – Find solutions if your current lender expects capital repayment and you need vehicles for achieving this.
- Unlocking property wealth – Explore whether a lifetime mortgage or equity release is a suitable way to fund home improvements, boost your retirement income or improve your quality of life.
- Supporting your family – Securely release equity to gift a deposit for your children or grandchildren.
- Purchasing a second home – Fancy retirement abroad? This may be an option by loaning against your property.
What to consider…
Before your take a loan against your property, be sure to weigh up your options. A lifetime mortgage can reduce the value of your estate and may affect your entitlement to means-tested benefits. Keep in mind that paying off an existing mortgage using a mortgage for over 50s can make it more expensive.
Mortgage Advice Bureau charges a fee of up to £995 for later life mortgage advice. Fee is charged upon completion of the mortgage.
Advice built around you
We believe your home is your greatest asset. Mark works under a strict advice-led framework. This means we take the time to look at your entire financial picture, from estate planning to tax implications, to ensure recommendations actively improve your financial wellbeing.
The next steps…
Retirement is to be enjoyed doing the things you love. If you are over 55 and want to understand your options, we are here for a fee-free initial consultation.