Lifetime Mortgages

Whether it’s for essential home improvements, embarking on a dream vacation, or helping your loved ones step onto the property ladder – the choice is entirely yours.

A Lifetime Mortgage offers you the opportunity to tap into the equity of your home and transform it into a tax-free, lump sum of cash. Essentially, it functions as a long-term loan that gets repaid using your home’s value. The repayment of the equity release lifetime mortgage occurs when the last homeowner either passes away or enters long-term care.

Until that time comes, you remain a proud homeowner with 100% ownership of your property. While interest accumulates over time, you have the option to make voluntary payments to the lender to halt this process.

A Lifetime Mortgage is available if you are over the age of 55. You can take the money you release as a lump sum or in several smaller amounts or as a combination of both. You don’t need to have a fully paid off your mortgage in order to be eligible for equity release but any existing mortgage or charge against the property would need to be repaid with any money released. To understand the features and risks of a lifetime mortgage, please ask for a personalised illustration or simply for initial advice. Regardless of what financial freedom means to you in your later years – whether it’s renovating your home, settling an interest-only mortgage, or assisting your children – a Lifetime Mortgage is tailored to help you turn these aspirations into reality.

This is a lifetime mortgage. To understand the features and risks, please ask for a personalised illustration. Check that this mortgage will meet your needs if you want to move or sell your home or you want your family to inherit it. If you are in any doubt, seek independent advice.

Lifetime Mortgage Frequently Asked Questions

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