Lifetime Mortgages
Lifetime Mortgages
Lifetime mortgages are a popular form of equity release, where a homeowner can access funds based on the value of their property without having to move house.
If you’re aged 55 or over and have a property worth at least £75,000, you may have a number of options for releasing cash from the value of your home. Lifetime mortgage equity release could be particularly helpful if you don’t have large savings and don’t want to sell your home.
Whether you’d like to top up your retirement fund, make some home improvements or take a once in a lifetime trip, a lifetime mortgage could help you take advantage of some of the equity in your home.
Thanks to rising property prices over the last few decades, many people have more equity in their home than they realise. For homeowners who don’t wish to move house, equity release (or a Lifetime Mortgage) can be an ideal way to unlock this increased value.
We’re committed to helping you find the right solution for you, and will talk you through the potential impact of each option on elements such as your tax planning, eligibility for means-tested benefits such as the State Pension and what you’ll be able to leave to your loved ones after you’re gone. We can help you secure guarantees that some of the value of your home can be passed on to your family, and that your property will not enter negative equity.
Whether you opt for an interest-only mortgage with monthly payments servicing the interest, or with no monthly payments at all, equity release can help you take advantage of the value of your home now, with no need to move or downsize. Like everything, it really is important to talk to a specialist adviser before you decide on a lifetime mortgage to make sure it’s the right option for you.
Read our Mortgage Brochure below or reach out directly to talk to us.
Your home may be repossessed if you do not keep up repayments on your mortgage. Home reversion plans and lifetime mortgages are complex products. A lifetime mortgage is a loan secured against your home. To understand the features and risks, ask for a personalised illustration. Equity release will reduce the value of your estate and may affect your entitlement to means-tested benefits.