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Lifetime Mortgages

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A lifetime mortgage is the most popular form of equity release: it is a loan which is secured against your home. In other words, you are using the value of your property as security for releasing tax-free cash tied up in your home. The loan is repaid out of the future sale of the property, the loan is repaid when you or the last surviving applicant dies or moves into long term residential care.

No monthly repayments

Typically there are no monthly repayments to make as the loan plus roll up interest is repaid when the plan comes to an end. However, some providers have the option of paying all of the interest and some of the capital on an ad hoc basis.

Interest

Interest is rolled up, added to the loan and is repaid when the plan ends. Lifetime mortgages are for life, as the name suggests – there is no set term – so that you can enjoy the peace of mind that comes from knowing that you can stay in your family home until you or the last surviving applicant dies or moves into long term residential care.

Property value

Over time, the loan will increase in value, with the addition of rolled up interest, but this can be offset if the value of your property increases at a higher rate. We would recommend speaking to a specialist equity release adviser, who can explain the impact if your property increased or decreased in value over time.

What my customers say about working with me

“Kevin not only brings a wealth of experience to support his advice, he brings integrity and a drive for satisfied customers that raise him to the highest levels in his chosen fields.”

Steven Hulbert

What my customers say about working with me

“Kevin not only brings a wealth of experience to support his advice, he brings integrity and a drive for satisfied customers that raise him to the highest levels in his chosen fields.”

Steven Hulbert

Why not get in touch and see how we can help?

Equity release could be the answer to some of your financial questions. If you would like to know more about it, and see if it could be the right option for you, please book an appointment or request a call-back

Providers include

JUST
LV
ONEFAMILY
Pure Retirement
more2life

Equity release will reduce the value of your estate and may also affect your entitlement to means-tested benefits. You should always think carefully before securing a loan against your home.

Unless you decide to go ahead, our service is completely free of charge as our usual advice fee of 1.99% of the amount released would only be payable on completion of a plan, subject to a minimum advice fee of £1499.

A lifetime mortgage is the most popular form of equity release, and is a loan secured against your home that’s typically repaid when you pass away or go into long-term care.

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