Borrowers over 70 took out nearly £2bn in mortgages last year – are those mortgages being used to cut IHT bills?
Borrowers aged over 70 took out nearly £2bn in non-equity release mortgages last year, according to exclusive data obtained by TWM Solicitors*. Some older borrowers have been taking out these mortgages partly so that they can make Inheritance Tax (IHT) free transfers to their children and grandchildren. Many older borrowers make IHT-free transfers to help the […]