Equity Release

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?

A lifetime mortgage or equity release plan allows you to access the value you’ve built up in your home and use it – however you want to.

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 0808 164 2364 to arrange an appointment or complete the form below and we’ll contact you.

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