A lifetime mortgage is a way to release money from your home without having to move. It’s a loan that’s secured against your property available either as a tax-free cash sum or smaller amounts that you can take as and when you need. A lifetime mortgage means no more monthly repayments, instead the interest is added to the loan – although you can pay this if you prefer.
The lifetime mortgage is usually repaid from the sale of your home when you, or the remaining applicant (if the mortgage is in joint names) dies or moves out of your home into long term care. This leaves any money left over available to you or your beneficiaries. These mortgages can be used for any purpose including gifting a deposit to help your children get on the ladder to purchasing a motor home.
We are experts in this area and would love to help you. We understand the sensitivities and concerns around this subject and we will make sure every appointment is carried out with someone else present. All information is provided in writing, giving everyone time to look it over.
We’re here for you to contact 7 days a week, you will get a direct contact number for your Mortgage Adviser and a dedicated Case Handler who will process your application to completion.