Saving for getting on the property ladder is difficult as it takes up to 15 years in London to build up a 20% deposit without family help.
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Category Archives: 55 plus mortgages
The average house price has increased 207% in the UK since the start of the century outstripped by first time buyer homes rising 264%.
A third of Britons do not save any money and the majority of property wealth is owned by older people near or at retirement.
A third more homeowners in the first half of 2019 used a lifetime mortgage to release equity from their home than two years ago.
Royal London has warned that the majority of homeowners cannot afford a retirement interest only mortgage due to affordability.
With the upcoming school holidays two in five grandparents will provide childcare with many paying for treats and activities.
Property wealth passed £4 trillion in 2018 and half of homeowners see money invested in property as part of their retirement planning.
More money is given by the bank of Mum and Dad than ever rising to £6.3 billion to help children buy their first home.
The government has relaxed rules to allow homeowners to add bigger extensions without the need for planning permission approval.
Holiday homes in Sandbanks rise 26% in the last year is the most expensive seaside town as prices rise over a decade.