Interest Only Lifetime Mortgage
Unlock equity with an interest-only lifetime mortgage…
Whatever you need the cash for, an interest only lifetime mortgage could offer the key to unlocking some of the capital tied up in your home.
Perhaps you need a pension boost or have always dreamed of buying a sports car, whatever you want the money for, equity release may be the solution.
Some features of an interest only lifetime mortgage include:
- Receive a lump sum loan but pay only the monthly interest
- Pay back the loan through the sale of your home after you have gone or have permanently moved into a care home
- Interest can be variable or fixed
If you want to find out more about an interest only lifetime mortgage, you have come to the right place. We can put you straight in touch with an equity release expert; all you have to do is fill in one simple form to gain access to no obligation advice and quotes from an equity release specialist.
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.