Lifetime mortgage: is a type of equity release which works by securing a loan against your home. The loan secured, only needs to be paid back once you pass away or move into long term care. This is a fantastic option for people over 55 years of age as there is no monthly payments to meet, and you can utilise the tax-free money as you wish. If you decide to opt for a lifetime mortgage, you also get a ‘No Negative Equity Guarantee’, which ensures that the final repayments will never exceed the value of your property.
You can usually release 18-50% of the built up value of your house, depending on your age.
Under lifetime mortgage, there are a wide variety of different types, please visit our Equity Release website for more information
For more customer feedback please visit our Feedback page.
“I would like to thank you for all your brilliant work dealing with this matter – you have been superb.”
M & H J from Latchingdon, Maldon, Essex.
“I would like to say thanks for helping to sort the re-mortgage. It was a pleasure and thank you for being
so efficient and on top of everything.”
K & I G from Ware, Hertfordshire.
“An excellent and professional service.”
C & K M from St Lawrence, Maldon, Essex.