Later Life Lending

If you are over 55 and own your own home you could be eligible for a lifetime mortgage, which could allow you to unlock some of the money tied up in your home without you having to move. A tax free lump sum or regular income with no monthly repayments could help with the extras you’d like to afford:

  • Repaying your existing mortgage or other debts to reduce your monthly outgoings
  • Home improvements
  • A well-earned holiday
  • Helping out the family with a property deposit or other purchase
  • Or just supplementing your income for occasional treats

Our equity release partners would be happy to discuss your needs. They can provide you with no-obligation and impartial advice, to help you build a retirement plan that best suits your requirements. It is highly recommended to include any close relatives or friends you would like to be part of the discussion, to help you choose the option that best meets your needs.

For more information please Contact us.

A LIFETIME MORTGAGE WILL REDUCE THE VALUE OF YOUR ESTATE AND MAY AFFECT YOUR ENTITLEMENT TO MEANS-TESTED BENEFITS AND TAX STATUS.

THE IMPACT OF NOT SERVICING MONTHLY INTEREST PAYMENTS ON A LIFETIME MORTGAGE IS THAT THE OUTSTANDING DEBT CAN GROW RAPIDLY, THUS REDUCING THE VALUE OF YOUR ESTATE.

FOR EXAMPLE, IF THE INTEREST RATE WAS 7% A YEAR, A £50,000 LOAN WOULD DOUBLE TO £100,000 AFTER 10 YEARS ASSUMING NO REPAYMENTS ARE MADE.

THIS IS AN EXAMPLE FOR ILLUSTRATIVE PURPOSES ONLY AND PERSONALISED ADVICE AND RECOMMENDATIONS SHOULD BE SOUGHT FROM A QUALIFIED PROFESSIONAL.  YOU ARE STRONGLY ADVISED TO REGISTER A LASTING POWER OF ATORNEY.  THIS WILL ALLOW YOUR AFFAIRS TO BE MANAGED BY SOMEBODY ELSE IF YOUR MENTAL ABILITIES SIGNIFICANTLY DECLINE.

WE ARE NOT AUTHORISED TO PROVIDE ADVICE FOR EQUITY RELEASE PRODUCTS. THIS WILL BE PASSED TO A SUITABLY QUALIFIED AND AUTHORISED SPECIALIST. TO UNDERSTAND THE FEATURES AND RISKS ASK FOR A PERSONALISED ILLUSTRATION. AN EQUITY RELEASE PRODUCT WILL REDUCE THE VALUE OF YOUR ESTATE, WILL NOT BE SUITABLE FOR EVERYONE AND MAY AFFECT YOUR ENTITLEMENT TO STATE BENEFIT