Lifetime mortgages ~ Equity release
You’ve worked hard for your house over the years so isn’t it time to get your house working for you?
How does equity release work?
For the over 55’s who have equity locked away in their property, a lifetime mortgage can be the ideal solution. Equity release is essentially a mortgage – that is a loan secured against your property. The difference between an equity release plan and a regular mortgage is that a lifetime mortgage is designed to help get funds back out of your home as opposed to helping with the purchase of a home.
Depending on your requirements you can choose to take a lump sum or several smaller amounts or even a combination of both.
With options to roll up the interest or make payments, it’s easy to make a lifetime mortgage fit your lifestyle.
There’s a lot of flexibility so depending on your situation you can arrange a small drawdown to pay for the holiday of a lifetime or make property improvements or aim for the maximum possible to supplement your retirement income or even release some of your inheritance early.
Who is a lifetime mortgage for?
If you are aged over 55 and own your own home.
Many lenders have a minimum value for your property – we can work with values from £70,000
Our flexible lenders will allow you to draw as little as £10,000 from your property.
The maximum you can withdraw will depend on the value of your property, your age and the type of product you’d prefer.
Getting started with a lifetime mortgage
We’d always prefer to arrange a face to face consultation with one of our expert advisors but if that’s not possible then a video call is a great option.
Please give our hotline a call on