Lifetime Mortgages

What is a Lifetime Mortgage?

A Lifetime Mortgage is a type of equity release product for homeowners aged 55+. It lets you access tax-free money from the value of your home, without the need to sell or move out. The loan and interest are repaid when you pass away or move into permanent care.

Key Benefits:

Types of Lifetime Mortgages:

Interest-Only Lifetime Mortgage

You pay the interest each month to keep the loan from growing.

Drawdown Lifetime Mortgage

Withdraw funds when you need them, paying interest only on the amount taken.

Enhanced Lifetime Mortgage

Potentially borrow more if you have certain health conditions or lifestyle factors.

Points to Consider:

Is a Lifetime Mortgage Right for You?

If you’re looking for a way to release cash from your property while staying put, a Lifetime Mortgage could be a valuable solution. It’s often used to top up retirement income, fund home improvements, or help children get on the property ladder. However, it’s important to get professional advice to ensure it aligns with your long-term plans.

What do our clients think?

Take the Next Step Today

Don’t let your home’s value go untapped – find out how a lifetime mortgage could work for you today.