A brief guide to retirement interest-only mortgages

A brief guide to retirement interest-only mortgages

For anyone nearing retirement with time remaining before your mortgage comes to an end, it can be concerning when a significant portion of your income is designated to making the re-payments. The custom has been for retirees to endeavour to be debt-free when reaching the retirement milestone. Nevertheless, this may not always be possible due to other factors. The increase in property prices and homeowners commonly taking the first step onto the property ladder in later life, are frequently found to be reasons why those coming up to retirement are faced with paying off a mortgage. Furthermore, there are a multitude of other factors that could also have an impact and are out of your control…