If you are over 55 and own your own home you could be eligible for a lifetime mortgage, which could allow you to unlock some of the money tied up in your home without you having to move.
A tax free lump sum and/or regular income with no monthly repayments could help with the extras you’d like to afford, such as:
_ Repaying your existing mortgage or other debts to reduce your monthly outgoings
_ Home improvements
_ A well-earned holiday
_ Helping the family
_ Or just supplementing your income for occasional treats
With a lifetime mortgage, the loan and interest would be repaid through the eventual sale of your home subject to the terms and conditions of the provider.
We offer tailored personal advice to choose the option that best suits your needs as releasing money from your home is a big decision and involves a number of key considerations, a lifetime mortgage would for example impact the amount that you leave as an inheritance to your family.
We are able to source the whole of the equity release/Lifetime mortgage market and your Adviser would welcome the opportunity to discuss the full range of options potentially available in greater detail.
A tax free lump sum and/or regular income with no monthly repayments could help with the extras you’d like to afford, such as:
_ Repaying your existing mortgage or other debts to reduce your monthly outgoings
_ Home improvements
_ A well-earned holiday
_ Helping the family
_ Or just supplementing your income for occasional treats
With a lifetime mortgage, the loan and interest would be repaid through the eventual sale of your home subject to the terms and conditions of the provider.
We offer tailored personal advice to choose the option that best suits your needs as releasing money from your home is a big decision and involves a number of key considerations, a lifetime mortgage would for example impact the amount that you leave as an inheritance to your family.
We are able to source the whole of the equity release/Lifetime mortgage market and your Adviser would welcome the opportunity to discuss the full range of options potentially available in greater detail.