Equity Release can help with leasehold worries
28 November 2019
Mortgage Introducer has covered Key’s study which found more than two in five over-55s with leasehold properties have terms of less than 80 years to run. The article suggests this means these older homeowners see the value of their home dropping considerably in their later life, making them feel “uneasy or disappointed”. Will Hale, CEO of Key, suggests later-life lending products might provide a solution by providing money to buy the freehold or extend the lease on your house.
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