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Let Us Help You Enjoy Your Retirement.

In recent years, later life lending has increased dramatically. This is for a variety of reasons including people living longer, not having the funds to when they wanted and periods where interest rates have been more competitive than before (although rates change regularly).

Later life lending products (or retirement mortgages) can be used to refinance an existing property or to purchase a new one. The proceeds are tax free with many products offering a rate that is fixed for life.

Lifetime mortgages are available for people aged 55 and over. The amount that can be borrowed is determined by age and the value of the property.

A lifetime mortgage is in place until the oldest borrower passes away or goes into care so not a commitment to be entered lightly.

Kerr & Watson can give you the advice you need to make an informed decision.