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I’M in my sixties with an interest-only mortgage. I can’t afford to repay the full amount and read that my mortgage lender, Santander, was considering offering Lifetime mortgages. Do you know if they’ve started running these yet? SANTANDER confirmed a deal with a home finance company last year that will offer their borrowers the option to switch their interestonly deal to a lifetime mortgage, and yes it is still available. Please remember it is a form of equity release and subject to lending criteria. I HAVE a decent sum of money to hand and I am considering robo investing. With the FTSE at an all-time high is now the right time to be putting my money into one of these firms? I NEED your examples of terrible service so we can make things better in future. So if you’ve been charged without a ticket, or found yourself dealing with an uncompromising firm, get in touch at press@ resolver.co.uk or through our Facebook and Twitter pages. @ Walker Resolver @ resolver.co.uk facebook. com/resolvercouk ROBO-ADVISORS or investing is a cyber financial adviser that provides investment portfolio management online with no, or minimal, human intervention.
The investment risk and portfolio selection is based on the outcome of a series of questions answered. There is no advice fee as no advice is given, and ongoing charges are usually a little cheaper.
Only you can decide whether to use one of these companies when investing – that’s the idea. FIRSTLY, never rush into anything. Secondly, the adviser at the bank is liable for the advice given and should only recommend suitable products and funds.
For now, you could place your allowance in an instantaccess cash ISA, so as not to lose it for the current tax year. This will then give you longer to consider your options and potentially transfer into a stocks and shares ISA later. There should be no charges for the cash ISA.
Financial editor Tricia Phillips answers your questions each week