Separation and Financial Planning

Getting a mortgage and paying it off when you’re older

Getting a mortgage and paying it off when you’re older

If you’re looking to take out a mortgage in your 50s or beyond, there are likely to be options, but it’s essential to have a long-term repayment strategy. If you think it might be difficult – or impossible – to get a mortgage if you’re close to retirement age, it’s...

read more
Significant rise in 35-year term mortgages

Significant rise in 35-year term mortgages

An increasing number of borrowers will be repaying their mortgage into their 70s, research has revealed. There has been a significant rise in the number of people taking out mortgages with terms of 35 years or more, according to data from Quilter. It found that within...

read more
Why you and your partner must talk about money

Why you and your partner must talk about money

Moving in with your partner? Having a conversation about finances early on could save considerable stress and conflict in the future and may even protect you financially. Here’s how to get the ball rolling… You’ve met the partner of your dreams and have been dating...

read more
The pros and cons of downsizing

The pros and cons of downsizing

Are you considering moving to a smaller property to help fund your retirement? Here’s what you need to know. Downsizing is the term used to describe moving to a smaller property than your current one. It can be a great option in later life to free up your money and...

read more
Halifax reduces maximum working age for some older borrowers

Halifax reduces maximum working age for some older borrowers

You may have heard about Halifax reducing the maximum working age for some mortgage applications, which could affect older borrowers. Read more… Earlier this week, Halifax announced that it would reduce its maximum working age for a mortgage from 75 to 70 for some...

read more
Divorce rates go up in January

Divorce rates go up in January

January has been dubbed ‘Divorce Month’, and older people, in particular, are not settling with their long-term partners if they’re unhappy. Divorce applications in the UK recently reached their highest level in a decade. The no fault divorce law came into force in...

read more