Lifetime mortgages
If you are in your mid-50s or older, own your own home and want additional funds, then releasing the equity in your property through a lifetime mortgage may be a way of achieving this. There are various types of lifetime mortgage available and will generally involve taking out a mortgage secured against the value of the home in order to provide a cash lump sum, regular income or both.
These schemes can be helpful in certain circumstances but are not suitable for everyone. There are advantages and disadvantages involved and it would be prudent to seek professional advice before committing yourself. It is important that you consider all the options available in order to be sure you take the most suitable action for your own needs and circumstances.
THIS IS A LIFETIME MORTGAGE. TO UNDERSTAND THE FEATURES AND RISKS, ASK FOR A PERSONALISED ILLUSTRATION.
For mortgage advice you can choose how we are paid: pay a fee, usually £195 and we will receive commission or you can elect to pay a fee of 0.5% of the loan amount, and we will rebate any commission from the lender.
For Equity Release, our standard fee is £395 and we will receive commission, or you can elect to pay a fee of 0.5% of the loan amount, and we will rebate any commission from the lender.