Property & Finance
Welcome to the property and finance section of the Mature Times website – the voice of our generation!
This area of the site is packed with articles that will appeal to those over 50 on retirement property and finance, homes for retirement, articles to help you plan retirement and articles to help you plan your finances in retirement.
Mature Times recognises that older people have key decisions to make regarding property and financial matters and it is for this reason we place such importance on these topics.
If you’d like us to keep you updated on retirement property and finance issues then why not bookmark our site, or register with us and we’ll keep you informed on the subjects and topics that interest you.
Money Advice Service responds to Interest-Only Mortgage Review
- Friday, 03 May 2013
"Today's findings from the FCA shed a fascinating new light on the financial situation of interest-only mortgage customers. On the one-hand, the results are encouraging - it's great to hear so many people have a 'strategy' to repay their mortgage when it is due. But on the flip-side I'm concerned that many borrowers are still likely to have a 'shortfall', and urge them to take control of their mortgage repayment planning quickly.
Economic downturn affecting wellbeing of older people
- Thursday, 02 May 2013
Bournemouth University research finds ‘Asset rich, cash poor’ pensioners sacrificing social activities because of fear of debt and may be more vulnerable to exploitation
The economic downturn is having a marked impact on the wellbeing of ‘asset rich, cash poor’ older people, Bournemouth University (BU) researchers have found.
The study looked at the financial challenges facing retired older people, who are often considered to be asset rich but cash poor – owning property but not receiving a large monthly income.
The FCA publishes findings of review into interest-only mortgages
- Thursday, 02 May 2013
The FCA publishes findings of review into interest-only mortgages and reaches agreement with lenders to contact interest-only borrowers
The Financial Conduct Authority (FCA) has published its research into consumers’ ability to repay their interest-only mortgages when they mature. The findings show that many people should be in a good position to repay their mortgage when it is due for repayment.
However many borrowers, particularly those whose mortgage is due to be repaid before 2020, will need to take control of their mortgage repayment planning now. To that end the FCA, the Council of Mortgage Lenders (CML) and the Building Societies Association (BSA) are working together to ensure lenders contact their borrowers in order to prompt them into checking their plan for repayment is on track and considering the options available to them.
Brits still expect hefty £78k inheritance from parents – but 40% won’t receive a thing
- Wednesday, 01 May 2013
The majority of Brits ‘expect’ to receive inheritance from their parents – but in reality four in 10 won’t get a penny, according to new research. The findings emerged in a study of 2,000 adults, and show that while 75% of people aged 20 to 35 hopes to receive a windfall when their parents pass away; they look set to be disappointed.
In fact, the average person assumes they’ll get in the region of £78,000 when mum and dad pass on, so are in for quite a shock.
More families seek ways to mitigate inheritance tax
- Wednesday, 01 May 2013
An increasing number of families across Britain are actively seeking advice on mitigating their inheritance tax (IHT) liabilities as more and more are being pulled into the IHT net, reveals the world’s largest independent financial advisory firm.
deVere United Kingdom, part of the deVere Group, says that since it was announced earlier this year that the threshold (assets of £325,000 or £650,000 for married couples) from which IHT is charged at 40 per cent would be frozen until 2018, 73 per cent of all clients are now making inheritance planning a dominant feature of their financial strategy.
