When it comes to retirement, even the best laid plans can fall somewhat short of your hopes and aspirations. You tried the savings route of PEP's and ISA's even the low cost endowment policies of the 80's and 90's, but still they weren't enough to avail yourself of leaving a mortgage shortfall moving into retirement.
Taking a mortgage into retirement is not a bad move, however lenders are becoming particularly stubborn when these plans are coming up for renewal. This could be either on reaching retirement & a subseqeunt shortfall arises. By taking a mortgage into retirement ensure you always get independent, legal advice.
What are the next steps to take for an interest only lifetime mortgage? (more...)