What is a Lifetime Mortgage?

A lifetime mortgage is a popular type of equity release. It’s a long-term loan which is secured on your property. The amount you can borrow depends on your age and the value of your property and you won’t have to make any repayments before the end of the plan.  Therefore, it allows you to benefit from your homes inherent value now, without having to move from your home.

Why use Equity Release?

People choose to use Equity Release for many reasons. There’s absolutely no restriction on what you use your money for. Remember that part. It’s your money. The equity release plan frees up cash from your home and lets you spend it your way. It can be a fantastic method of easing any financial worries and improving you lifestyle.

Our clients have used their equity money on many useful and practical things, including:

 Home improvements, a new car, caravan or holiday home
 A special holiday of a lifetime
 Private medical care
 Helping family members
 Repaying an existing mortgage and settling outstanding debt
 Generating monthly income

Source: Key Retirement Q1 2016

Guarantees and Safeguards

Remain in their property for life
Clear and simple presentation of products
Right to move without financial penalty
No negative equity guarantee (terms and conditions available on request)
ERC certificate showing the terms and conditions and impact of ER on their estate

GET A QUOTE

Equity Release is a lifetime mortgage or home reversion scheme. To understand the features and risks, ask for a personalised illustration.