Lifetime Mortgage
Free, no obligation lifetime mortgage quotes…
You could enjoy a much more comfortable retirement with a lifetime mortgage...
A lifetime mortgage is a type of equity release that requires you to take out a mortgage against your property in return for a lump sum or regular income. Lifetime mortgage equity release schemes require you to be 55 or over when you take out the mortgage. 
If you are thinking about taking out a lifetime mortgage, make sure you speak to an expert first to go through all your options, our free service can put you in touch with a lifetime mortgage specialist. There are four main types of lifetime mortgage, including:
Roll up mortgage
- Can pay out a cash lump sum or a regular amount
- Fixed or variable interest is added monthly or annually
- Interest is 'rolled up', in other words, no interest is paid until your home is sold
Interest only lifetime mortgage
- Pays out a cash lump sum
- You pay monthly interest payments for the loan
- The loan amount is usually repaid upon the sale of your home after death or if you have to permanently move to a care home
Fixed repayment lifetime mortgage
- Offers payment in a cash lump sum only
- Instead of paying interest, you agree to pay the lender a higher sum than you borrowed when the house is sold
- The sum you will pay back is decided from the outset so you will know where you or your relatives will stand when it comes to selling the house
Home Income Plan
- Receive payment in a cash lump sum
- The lump sum is then used to buy an annuity that supplies a regular income
- You pay the interest on the loan with the annuity
- The loan will be repaid when your home is sold
Whatever you want a lifetime mortgage for, our free enquiry service can help. Just fill in our no obligation enquiry form and we will put you in touch with an equity release specialist who can go through your options and get competitive lifetime mortgage quotes for 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.