Lifetime Mortgages
A Lifetime Mortgage allows you to unlock the cash in your home.
This can be used for whatever you choose from home
improvements and holidays to clearing off debt.
Achieve financial freedom
Continue to live in your own home
Release from £5000-£500,000 (Age dependent)
Expert, local, independent advice
Free, no obligation quotes
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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
Equity Release is a lifetime mortgage or home reversion scheme. To understand the features and risks, ask for a personalised illustration.
I’ve looked to buy life insurance online for a while and had been to a few sites but the long process put me off. Save On Life’s process was very quick and simple so very happy after finally putting some cover in place!” Nicole, 03/02/2021
I decided on sun life because of the simple straight forward method of securing a plan and the result of doing so, including all the expected relevant information required to ease the path.” Ian McDonald, 31/01/2021