Later Life Lending Mortgages
Lifetime Mortgages helps UK homeowners aged 55 and over access some of the money tied up in their home. With a lifetime mortgage, the most popular type of equity release, clients can choose to take the money released as a lump sum or after an initial release, in smaller amounts (drawdown). There are no affordability checks and the loan is usually repaid when the house is sold following their death or admission into long-term care.
Lifetime Mortgages has evolved rapidly from a niche lending option for the elderly to become a competitive, mainstream later life planning option, a sector growing faster than any other in the mortgage industry.
You’ll need expert advice before you can go about releasing equity. We offer access to a qualified specialist adviser who will be able to talk you through all of the options available and find a product that suits your needs.
This service is offered by referral to a third party.*