Hoddesdon Mortgage Solutions’ Post

🏘️ Can UK housing policies bridge the affordability gap? As the 2024 election approaches, housing affordability and availability are critical issues. Rising home costs, a shortage of affordable housing, and high interest rates affect everyone. Explore how political parties plan to address these challenges and what it means for your future. Have a read in our June newsletter: https://buff.ly/3yW7Ncx #UKElection2024 #HousingCrisis #AffordableHousing Your home may be repossessed if you do not keep up repayments on your mortgage

🏘️ Can UK housing policies bridge the affordability gap? As the 2024 election approaches, housing affordability and availability are critical issues. Rising home costs, a shortage of affordable housing, and high interest rates affect everyone. Explore how political parties plan to address these challenges and what it means for your future. Have a read in our June newsletter: https://buff.ly/3xozPwE #UKElection2024 #HousingCrisis #AffordableHousing Your home may be repossessed if you do not keep up repayments on your mortgage

🏘️ Can UK housing policies bridge the affordability gap? As the 2024 election approaches, housing affordability and availability are critical issues. Rising home costs, a shortage of affordable housing, and high interest rates affect everyone. Explore how political parties plan to address these challenges and what it means for your future. Have a read in our June newsletter: https://buff.ly/4ciyPZZ #UKElection2024 #HousingCrisis #AffordableHousing Your home may be repossessed if you do not keep up repayments on your mortgage

🏘️ Can UK housing policies bridge the affordability gap? As the 2024 election approaches, housing affordability and availability are critical issues. Rising home costs, a shortage of affordable housing, and high interest rates affect everyone. Explore how political parties plan to address these challenges and what it means for your future. Have a read in our June newsletter: https://buff.ly/3Rsjs9j #UKElection2024 #HousingCrisis #AffordableHousing Your home may be repossessed if you do not keep up repayments on your mortgage

📈🏠 UK House Prices are on the rise! May 2024 saw a 1.2% increase in sold prices from April. Ed Phillips, CEO of Lomond, says the market is heating up despite high mortgage rates. With a new government and possible interest rate cuts, more buyers are diving in to secure their dream homes. But remember, many will carry their mortgage into retirement. The later-life market is evolving, with equity release and lifetime mortgage products becoming crucial. Advisors must help ensure a smooth lending journey for all homeowners. #UKProperty #RealEstate #HousingMarket #MortgageTips

It was only 14 years ago that nearly 9% of U.S. homes were 90+ days delinquent on their mortgages. Hard to believe when today it’s less than 1% of homeowners in this predicament. My post yesterday was an illustration of why American homeowners are in such a strong position now… dramatic home price appreciation since the pandemic and long-term low fixed-rate mortgages being the biggest catalysts for increased homeowners’ equity.

Fixed versus variable mortgages - which option is better? Do you end up paying a lot more with one over the other? The constant battle continues to rage on, which requires homeowners to really crunch the numbers and take a deep look at their particular financial situation so they can make the right decision that suits their long-term monetary needs. Many economists have predicted that we will see a slow but steady decrease in interest rates throughout the year. This means that viable rate mortgages might become the norm again, after fixed mortgages became the popular choice during the shaky fiscal times during and after the pandemic. The conversation may be an uncomfortable one, but it is one that needs to be had before taking on any type of mortgage. #fixedvsvariable #whatmortgagetypeisbest #mortgagequestions #ancaster #dundas #hamilton #stoneycreek #burlington #binbrook

There's a common misconception that you'd need to sell your home when moving into an aged care facility. The good news is you won't have to, although your property will often play an important part in the financing process. Here are some options to leverage the value of your property: 🏠 Renting it out for steady income 💰 Selling the property for a lump sum 🔐 Using the equity as a guarantee for aged care costs 🔄 Looking into a reverse mortgage for flexibility Each option has pros and cons that need to be assessed in the context of your individual situation. Get in touch and let us help you make an informed decision. 👉 https://bit.ly/3v7boCV 📱03 9020 1888 #ekfinancial #ekfinancialgroup#wheelershill #melbourne #melbourneproperty #financeinsights

Australian residential property now accounts for over 50% of the nation’s household wealth, according to CoreLogic. With a total market value of $11.1 trillion and $2.3 trillion in mortgage debt, homeowners hold $8.8 trillion in equity—some of which is already being used to build wealth through property investments. So, what does this mean for mortgage holders and property investors? Read the full article: https://lnkd.in/gdsvQHsh #WealthStreet #PropertyInvestmentAustralia #PropertyInvestingAustralia #WealthStreetJournal

79% of seniors own homes. 56% of all homes are owned by people over 60. 70% of people over 65 will need long term care, but only 1 in 10 can afford it. 75 million people will be 65 by 2030. There will be a housing crisis where seniors are desperate to sell. It's math. pay attention. Reverse mortgages fix this. #reversemortgage #hecmtool #hecmtoolbox #hecm #longtermcare #housingcrisis #itsmath #reversemortgagesfixthis