Our Blog
"Why Rising Moving Costs Are Encouraging Over-55s to Stay Put and Unlock Their Home's Potential"
As the cost of moving homes in the UK has doubled over the past decade to an average of £14,500, more homeowners aged 55 and over are opting to stay in their beloved properties rather than relocate. Escalating expenses such as estate agent fees, stamp duty, and legal charges make moving increasingly unaffordable. In response, many are turning to equity release as a practical financial solution, allowing them to unlock the value of their homes without the stress and costs of moving. This blog explores the benefits of equity release, its implications, and why it’s becoming a popular choice for those looking to remain in their cherished homes."Rising Moving Costs: Why Over-55s Are Choosing Equity Release to Stay in Their Homes"
Read more..."Equity Release in Hoddesdon: Unlocking Financial Freedom for EN11, Broxbourne, and Wormley Residents"
Exploring Equity Release in Hoddesdon, Broxbourne, and Wormley If you’re a homeowner in Hoddesdon, Broxbourne, or Wormley and curious about equity release or later-life mortgages, we’ve got great news! My Later Life is here to provide friendly, straightforward advice to help you explore your options. With deep ties to the EN11 area—yes, some of our team grew up right here—we understand the community and its needs. Whether it’s releasing equity to fund a well-deserved retirement adventure or just making life a little easier, we’re here to help. Call us today at 01992 531293 for a free consultation and see how we can guide you toward a brighter financial future.
Read more..."Equity Release in Hertford: Unlock Your Home’s Potential with My Later Life"
Looking to explore equity release or later-life mortgage options in Hertford? My Later Life brings 15+ years of award-winning expertise to SG12, SG13, and SG14 residents. With a local advisor offering personalised, whole-of-market advice, we’re here to help you unlock the value of your home and secure your financial future. Contact us today at 01992 531293? for a free, no-obligation consultation and see how we can make equity release simple, transparent, and tailored to you.
Read more...Unlocking Equity in Stevenage homes
Supporting Stevenage with Trusted Equity Release and Later-Life Mortgage Advice My Later Life is proud to announce a new, dedicated advisor for Stevenage, covering SG1 and SG2 postcodes. With over 15 years of expertise, we’re here to help Stevenage residents navigate their equity release and later-life mortgage options with confidence. Our whole-of-market approach ensures you get unbiased, personalised advice tailored to your needs. Offering a free consultation and backed by both FCA regulation and Equity Release Council standards, our team is committed to providing trusted, ethical service to the local community. Ready to explore your financial options? Call us today at 0207 100 4255 to schedule an appointment with our Stevenage advisor.
Read more...How Equity Release Can Help Farmers Navigate Inheritance Tax Changes and Keep UK Farms Thriving
**Blog Summary: How Equity Release Can Help Farmers Navigate New Inheritance Tax Rules** The Labour government’s recent budget changes have introduced a 20% inheritance tax on farm estates over £1 million, placing additional financial strain on UK farmers. Historically shielded by Agricultural Property Relief, many farmers now face potential tax bills that could force them to sell off land or assets, jeopardising family farms and UK food security. Equity release offers a viable solution, allowing farmers to unlock property value, gift funds to their heirs tax-free (if they live for seven years post-gift), and reduce future inheritance tax liabilities. At My Later Life, we help farmers use equity release to protect their legacy, secure their family’s future, and keep UK farms thriving.
Read more...Why Equity Release and Later Life Mortgages are Essential Tools in Inheritance Tax Planning Under the New Labour Government
With the Labour government’s recent budget changes, inheritance tax planning has become even more essential, especially with the inclusion of unused pensions in estate values starting in 2027. These changes mean that, upon death, many pensions could be subject to a 40% tax if the estate surpasses the nil-rate band. As a result, equity release and later life mortgages are now valuable tools for effective tax planning. Equity release enables homeowners to access the value of their property tax-free, providing an immediate way to gift funds to family members and reduce their estate’s taxable value. When these gifts are made more than seven years before death, they can be entirely exempt from inheritance tax. At My Later Life, we help clients navigate these changes by offering tailored equity release solutions. With rising property values, accessing home equity for tax-efficient inheritance planning has never been a better option for protecting family wealth.
Read more...Equity Release and Lifetime Mortgages: Breaking Free from Outdated Stigmas
Equity release and later-life mortgages have evolved significantly, moving past the stigma once associated with outdated home reversion plans. Today’s lifetime mortgages offer flexibility, transparency, and security, allowing homeowners over 55 to access the wealth tied up in their property without losing ownership. Strict regulation from the Equity Release Council means products now include safeguards like penalty-free partial repayments and options for second homes or buy-to-let properties. With benefits like gifting funds to family early or enhancing retirement, equity release is an increasingly valuable tool—but it’s crucial to seek tailored advice to make the best choice. Contact My Later Life to explore the potential equity release holds for your future.
Read more..."Can You Transfer Equity Release to a New Property? Here's What You Need to Know"
Equity release can often be transferred to a new property, but it depends on certain conditions, such as whether the new home meets your lender’s criteria and its value. Most equity release plans are portable, meaning you can move without repaying the loan, provided the new property qualifies. However, there may be legal and administrative fees involved. At My Later Life, we specialise in guiding homeowners through this process, ensuring flexibility and peace of mind in their later years. Always consult a professional before making any decisions regarding your equity release.
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My Later Life Planning (Office Address: 94-96 Seymour Place, London, W1H 1NB) is a trading style of My Group Inc Ltd an appointed representative of The Right Mortgage Limited who are authorised and regulated by the Financial Conduct Authority under reference number 976283.
My Group Inc Ltd is registered in England & Wales. Company Number 13613921. Registered Office 82 Rainham Road, Rainham, RM13 7RJ
A fee may be charged for mortgage advice. The exact amount will depend on your circumstances.
This is a lifetime mortgage. To understand the features and risks, please ask for a personalised illustration. Check that this mortgage will meet your needs if you want to move or sell your home or you want your family to inherit it. If you are in any doubt, seek independent advice.
Inheritance Tax Planning, Will writing, Lasting Powers of Attorneys, Estate Planning and Trust Planning are not regulated by the Financial Conduct Authority.
The guidance and/or advice contained within this website is subject to the UK regulatory regime and is therefore targeted at consumers based in the UK.
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