Britain’s later life lending boom!
The number of over-65 homeowners has increased by 52% over the last 20 years as homeowners are ageing at a faster rate than the UK population.
According to the latest report from the Intermediary Mortgage Lenders Association, the need to serve a growing population of older homeowners is producing a…
There are now more first-time buyers than home movers
It may seem that taking that first step onto the property ladder is harder than ever, but the number of first-time buyers snapping up homes has overtaken the number of existing home owners moving house for the first time since 1995, according to Lloyds Bank’s latest ‘home mover review’.
The data re…
Cherry Mortgage & Finance chosen to inform the 2018 Parliamentary Review
Cherry Mortgage & Finance, has been selected to feature in this year’s Parliamentary Review.
Representing the financial services sector, the company will feature in the publication alongside leading businesses that have been hand-picked by the government to participate due to their reputation f…
Older homeowners are entering retirement but still struggling with debt
Entering retirement should come with a feeling of relief. No more work, you’re entering a relaxed, stress free period of your life, right?
For many of us, that’s not quite the case. Entering retirement in debt is never ideal. Nobody wants to still be paying off mortgages, loans and credit cards in …
Brits spend over £40bn making their house a home
Over the last five years homeowners have spent a hefty total of £41bn doing up their homes – an average of £1,875 each, according to NAEA Propertymark. There is a growing trend for home owners to improve their current homes instead of climbing up the property ladder.
Nearly three quarters (73%) of …