Lifetime Mortgages

Lifetime Mortgages
A Lifetime Mortgage is a mortgage secured against your home, allowing allows you to release a tax-free cash lump sum from the equity held in your property. With a Lifetime Mortgage you retain full ownership of your home and still benefit from any increases in price.

There are several Lifetime Mortgage products/structures available on the market;

• Lump Sum Lifetime Mortgages (Provides a lump sum)
• Drawdown Lifetime Mortgage (Provides an initial lump sum then a ‘cash facility’ to draw down from)
• Interest-Serviced Lifetime Mortgage (similar to Drawdown Lifetime Mortgages, but this allows you the opportunity to pay some or all the monthly interest charged)

What Is Equity Release
If you are a homeowner aged 55 or over and would like to raise additional funds, equity release could be the solution for you.

You can access the equity in your home as tax-free cash without having to sell or downsize. There’s no restrictions on how you spend your money, offering the financial freedom to make the most of your later-life.

There are many different structures and products to choose from, which is why it is essential to discuss your objectives with a qualified adviser.