Retirement: Banks offer ‘later life’ mortgages to meet UK ageing population – The Florida Post

Headlines for January 14, 2011 News headlines in February 2011. kenya: civil society defends Access to Generic Drugs. Monday, February 28, 2011. Access to affordable medicine for millions of people in the South could be at risk if the production and distribution of generic medicine from India is restricted.

 · Lenders are offering retirement interest-only mortgages – but how do they stack up and how can check you get the best deal? Lenders are now allowing the sale of a home as a means of repaying the debt

 · Retirement Statistics Data Average retirement age 63 average length of retirement 18 years Average savings of a 50 year old $42,797 Average net worth of a.

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(Getty Images) Looking at the current state of the U.S. real estate market, the conversation quickly turns to historically low inventories, increasing sale prices and not enough construction to meet.

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As of late last year, about 58,000 reverse mortgages – nearly 1 in 10 – were in default. "Many seniors are suffering financially because the economy tanked. They have no chance of finding a job, they haven’t saved enough for retirement and they’re living longer," says Gladys Gerson, a supervising attorney at Coast to Coast Legal Aid of.

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The Home Equity Theft Reporter: Florida Attorney Disbarred; Mortgage Money Mysteriously Goes Missing While Acting As Closing Agent In Real Estate Deals Shay Hawkinberry, a sarasota real estate agent and interior decorator, said bovino raised .1 million from a New york city investment firm to buy town homes in Florida and start fixing them up. But she said Bovino diverted some of the money to one of his projects in New Jersey.

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We’ve been providing mortgages to those over 70 for many years; If that isn’t enough, you can read about the experiences of real life customers, just like you, who have taken out a mortgage in their retirement. Want to know more? If you already have a mortgage adviser, ask them about the Family Building Society and our later life lending.