News from Bricks
Quick Guide to Later Life Loans
Just because you’ve retired shouldn’t mean you can’t borrow any more. However much you’ve prepared for retirement, you might not have enough for all the things you planned to do.
Later life lending can offer peace of mind. It can help with capital raising opportunities of your choice; whether that’s helping family members onto the housing ladder, purchasing a second property as a buy-to-let, or a sum of money to help make retirement a little comfortable.
Older borrowers have a lifetime of experience and professional contacts built up over many years that gives them an advantage and makes them attractive to lenders like Bricks Finance.
The most common form of late life loan is an equity release mortgage which is designed to unlock the value that has built up in your home.
Before deciding whether to borrow, it’s a good idea to speak with family members, trusted friends or your independent financial advisor. They could give you support or suggest other ways to raise the money you need.
Age is a common restriction to traditional lenders, but not for Bricks Finance as we don’t discriminate on age. In fact, many borrowers and investors are beyond ‘retirement age’.
Click the Contact us button for more information.
Read more news from Bricks
2022
Supporting Children of Ukraine
We are heartbroken at the devastation in Ukraine and feel compelled to support the families whose lives are being turned upside down in the best…
2022
Trading Update
Following the Russian invasion of Ukraine, increased energy costs and inflation in the headlines, you may ask, ‘what does it all mean for money invested…
2022
Continued Organic Growth
The steady growth of Bricks continues, and in fact it will be a record year for new investment, with over £8M of new funds committed…
2021
Lending Unites Us
Our loans have helped people build their dream homes, acquire businesses, move house, carry out their own property development or fix a temporary cash shortage.…
