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Through our business partners, we can offer a long-term loan secured against your home to release equity in later life, whilst leaving you with full ownership of your property.
A lifetime mortgage can be an attractive option for those aged 55 and above (or 50 with the payment term lifetime mortgage) looking to unlock equity tied up in their home.
We’re committed to helping you make an informed decision about your home, financial future, and money.
Let’s explore the ins and outs of lifetime mortgages, including whether it’s the right choice for you.
You must be aged 50 or over, and own a home that meets the minimum requirements of a lender (typically valued at a minimum of £70,000, for example).
The amount you can borrow is based on your age and the value of your property.
Unless chosen otherwise, there are no monthly repayments, and interest builds up over time. The amount you owe will never exceed the property’s value.
Typically settled when moving into long-term care or upon passing.
Our team of experts are here to answer any questions you may have without all the jargon. Get in touch now to see how we can help you reach your mortgage goals.
Your home may be repossessed if you do not keep up repayments on your mortgage.
There may be a fee for mortgage advice. The actual amount you pay will depend on your circumstances.
The fee is up to 1% but a typical fee is 0.3% of the amount borrowed.
Your home may be repossessed if you do not keep up repayments on your mortgage.
There may be a fee for mortgage advice. The actual amount you pay will depend upon your circumstances.
The fee is up to 1% but a typical fee is 0.3% of the amount borrowed.
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