Mortgages NI

Government announces three-month mortgage holiday in Covid-19 package

Three-month Mortgage “Payment Holidays” offered by ALL lenders You may be aware that on March 17, Chancellor Rishi Sunak confirmed that anyone struggling financially as a result of the Coronavirus outbreak will be able to take a three-month mortgage holiday. A number of lenders had already announced repayment holidays for those affected by Covid-19, but …

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Life Insurance NI

What is life insurance?  Life insurance (also known as life assurance or life cover) is a simple concept, it is a financial product that lets you leave money for your family or beneficiaries when you die. It’s not a new concept either, the earliest forms of life insurance date back to ancient Rome where ‘burial …

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What Is A Retirement Interest Only Mortgage?

What is a Retirement Interest-Only Mortgage? Retirement Interest-Only Mortgages (RIO’s) are a fairly recent type of mortgage, similar in principle to the standard interest-only mortgages but with some key differences with the older population in mind (50-55+ age group). Historically, older borrowers have struggled to obtain regular residential mortgages, however with the average person living …

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