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Dartmoor Financial

3 days ago

Dartmoor Financial
🥦 Rising food prices, drought and the cost of retirement…With difficult growing conditions potentially pushing food prices higher, the cost of living remains a real concern for many households.For people in retirement, rising everyday costs can be particularly challenging when their income is relatively fixed.And yet, some people struggling to pay their bills are living in valuable homes.Could the equity tied up in their property help them enjoy a more comfortable retirement?Possibly. But that doesn't automatically mean equity release is the answer.There are different later life lending options available, including retirement interest-only mortgages and lifetime mortgages. Each has its own costs, requirements and implications.The important thing is understanding what might be available, alongside the alternatives, before making a decision.Nobody should feel pressured into borrowing against their home just to meet everyday living costs.But equally, nobody should have to dismiss a potential solution simply because they don't understand how it works.Know before saying no. 🏡If you'd like to understand your options, we're always happy to have a conversation.www.dartmoorfinancial.co.uk#SocialSeptember #LaterLifeLending #EquityRelease #RetirementPlanning #CostOfLiving⚠️ Your home may be repossessed if you do not keep up repayments on your mortgage.A lifetime mortgage is a loan secured against your home. Interest can roll up over time, increasing the amount owed and reducing the value of your estate. Equity release may affect your entitlement to means-tested benefits.Dartmoor Financial LLP is an appointed representative of HL Partnership Limited, which is authorised and regulated by the Financial Conduct Authority. ... See MoreSee Less

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Dartmoor Financial

6 days ago

Dartmoor Financial
🏦 Bank Rate held… but what about mortgage rates?Yesterday, the Bank of England left Base Rate at 3.75%.But here’s the important bit:Base Rate is only part of the story.Fixed mortgage rates can be influenced by swap rates, while lifetime mortgage pricing is also affected by things such as gilt yields and longer-term funding costs.So it’s perfectly possible for the Bank of England to leave rates alone… while the mortgage rate you’re looking at still changes.That’s why simply saying “I’ll wait for Base Rate to fall” doesn’t always work quite how people expect.Whether you’re considering a standard mortgage, RIO, retirement mortgage or lifetime mortgage, it’s worth understanding the options available now rather than trying to second-guess what happens next.#LaterLifeLending #LifetimeMortgage #EquityRelease #RIO #MortgageAdvice #SocialSeptemberYour home may be repossessed if you do not keep up repayments on your mortgage.A lifetime mortgage is a loan secured against your home. It may reduce the value of your estate and could affect your entitlement to means-tested benefits.Dartmoor Financial LLP is an appointed representative of HL Partnership Limited, which is authorised and regulated by the Financial Conduct Authority. ... See MoreSee Less

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Dartmoor Financial shared a quote.

1 week ago

Dartmoor Financial
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Dartmoor Financial

1 week ago

Dartmoor Financial
#socialseptember continues in the #laterlifelending world with a lovely client of mine calling in over the weekend just to see how my kids got on at school after their first week back. What a lovely thing to do 😊 #mortgageadvice #worktogether ... See MoreSee Less

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Dartmoor Financial

2 weeks ago

Dartmoor Financial
Low income doesn’t always mean no options.One of the features of a lifetime mortgage is that there is no income assessment and no traditional affordability-based credit scoring.That means it can sometimes be worth considering for older homeowners who have property equity but whose monthly income would make other forms of borrowing difficult.It won’t be right for everyone, and suitability will depend on your circumstances, your property and the lender’s criteria.The important bit is to start with advice, not assumptions.We advise clients across the UK by Zoom, phone and online, with face-to-face support where someone’s needs make that more appropriate.Expert advice without the stuffiness.A lifetime mortgage is a loan secured against your home. It may reduce the value of your estate and may affect means-tested benefits. Fees may apply. This is not personal advice. ... See MoreSee Less

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There may be a fee for mortgage advice. The precise amount of the fee will depend upon your circumstances but will range from £199 to £1295 and this will be discussed and agreed with you at the earliest opportunity. The information contained within this website is subject to the UK regulatory regime and is therefore targeted at consumers based in the UK. Dartmoor Financial LLP trading as Dartmoor Financial are an appointed representative of HL Partnership Limited, which is authorised and regulated by the Financial Conduct Authority. Dartmoor Financial LLP are registered in England and Wales. Registered No. OC396191. Registered office 4 Oak Road, Tavistock, Devon, PL19 9EZ.your home may be repossessed if you do not keep up repayment on a mortgage