Equity Release Lifetime Mortgages

If your pension doesn’t go very far and you wish you had a bigger income to make your retirement more comfortable, then you could consider equity release lifetime mortgages as an option. They work by releasing the cash in your home for you to use any way you wish. Features of equity release lifetime mortgages include:

The mortgage, and any interest accrued, is not paid back until the house is sold upon death
It allows you to retain ownership of and remain in your home
Boosting your retirement income
Using the capital for any purpose, such as a holiday or new car
The cash is tax-free

If you want more information or advice about equity release mortgages and how they work, then fill out our short form and an advisor will contact you.

Lifetime mortgages as from October 2004 are regulated by the Financial Services Authority. A lifetime mortgage is a loan secured on your home. The loan and interest are normally repaid from the proceeds of the sale of your home when you die or move into long term care. With a home reversion plan you sell all or part of your home for cash. However you do not get the full market return for doing so.

The above equity release mortgage detail is for information purposes only as does not constitute financial advice under the Financial Services and Markets Act 2000. When considering any type of equity release product, it is important that you seek independent legal advice.

THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.