Lifetime Mortgages

Lifetime Mortgages

Lifetime Mortgages are the most popular Equity Release scheme of them all due to their flexibility and optional drawdown facility.

Homeowners above the age of 55 are eligible to apply for a Lifetime Mortgage plan were they retain 100% ownership of their home in exchange for a lifetime loan secured against the property. This means that once the last homeowner dies or moves into permanent care then the loan capital amount plus the agreed fixed interest rate is finally repaid to the provider meaning that you do NOT have to pay any monthly repayments!

 

Key features:

  • Drawdown equity release schemes
  • Roll-up equity release
  • Lump sum plans
  • Home Income Plans
  • Interest Only Lifetime mortgages

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