Lifetime Mortgage

Onlooker

A repeat message by one of the providers leading commission agents as how to get a Lifetime Mortgage.They say you will be helped along the way.You will be provided with 38 pages of information which will only confuse a serious decision even more.The fact that you will always own what maybe left of that possession is the only guaranteed.Get example figures for the future 25 years How compounding interest works on your future.The fact that there is no cooling off period.The fact that you will have 1.99% deducted from your initial loan but you will still be charged added on interest for the whole period..Last year 37% of potential customers said no to the salesman,Consider

Kentish_Dave

Was it a Corsa? Did you pay extra for it being a special edition?

Did you drive it round and round in a McDonald’s car park?

Onlooker

Some good news in the fact that moves may be made to reduce the impact of stamp duty on home buyers.Stamp duty as been a deterrant to downsizers although not the worst excuse for not moving down to a cheaper,smaller property and thereby releasing sufficient amounts of monies for yourself..The expense of downsizing can be covered by the profit you can make plus lesser running costs in your new home.The council tax may even be less.Consider

SpiderLegs

Kentish_Dave wrote: »

Was it a Corsa? Did you pay extra for it being a special edition?

Did you drive it round and round in a McDonald’s car park?

I suspect our esteemed friend went a bit classier than that


https://classics.honestjohn.co.uk/reviews/zastava/yugo-455565/

Onlooker

Information National.House price published at end of July showed the average home was £217,613.00 an increase on the year of 0.3%following 7 months of less than 1% annual increase.
The average home with a Lifetime Mortgage attached has to increase by a 3% average every year of said mortgage just to retain the original worth of your estate..If any years fall below that figure then other years have to be larger.to maintain that holding.
Your Lifetime Mortgage will increase at a fast rate because of the effect of the compounding interest.House price inflation cannot be guaranteed .The cost of a lifetime mortgage over 10/15/20 years will be guaranteed.whatever the borrowings are,Obtain example before especially at these times,Consider

Onlooker

Latest financial news is that one of the leading providers of Lifetime Mortgages reports that the last 6 months profits of almost £1.5 thousand million pounds was no improvement on the previous six.Action was taken by making staff redundant and trying to cut costs.The next recourse will no doubt be to capture more of the general householders into buying their product with an increased tv and newspaper campaign.They need your money.Get your future figures sorted.Consider.

Onlooker

Average UK house price to end of July 2019 £217,663.00 As aforesaid the future inflation or even deflation cannot be guaranteed
Any Lifetime Mortgage of any amount all with a fixed rate of compounding interest will at some point in the future make the cost of whatever the monies where used will double and then triple and then quadruple the cost to the borrowers .,guaranteed.
Confirmation can be obtained from your provider before you make this financial decision against your future.
Apologies for not repeating ourselves as many times as the dancing on tv or the multiple pages in the newspapers.Consider

Onlooker

A full page advertisement by one of the leading providers of Lifetime Mortgages again prompts our reply.
An another page of the same newspaper provides an insight into this and other financial industries the need to capture your monies
The figures provided show that an average £3.5million is earned per annum by each CEO`s in the UK.This compares to the fact that the average full time worker in the UK earns £29574.00 per annum.
The article states that this works out at 117 times greater in their favour per annum or the equivalent of one CEO earning in one year the same as it would take 2 full time workers 50 years earnings each to equal that amount..Consider

Onlooker

One of the leading providers of Equity Release/Lifetime Mortgages has pointed out upsurge in the number of parents helping their children by providing monies for a deposit on a home.Good for them but problems can arise in future years if the parent involved has to go into long term care which will have to be paid with their assets.
It can be the case when the monies due cannot be met because the gifting has caused a reduction in the amount due.The local authorities could call this a deliberate depreciation of assets and claim the monies from whom the monies were gifted.Consider

Onlooker

Full page advert again printing comments which are not as informative as they should be i.e you will always own your own home ,yes naturally but with a legal charge against it.Then thet go on to admit that the total borrowed could with compounding interest applied annually you could reach the full value of your said property and have no residue left to pass on.
The only criteria with a mortgage for a lifetime is that they will be some price inflation on your property.This cannot be guaranteed at any point.A 3%+rise annually for the whole period will maybe leave you with the monies you started with.At the moment a 1% annual rise does not seen to be in the pipeline.Consider