Lifetime mortgages
If you are in your mid-50s or older, own your own home and want additional funds, then releasing the equity in your property through a lifetime mortgage may be a way of achieving this. There are various types of lifetime mortgage available and will generally involve taking out of a mortgage secured against the value of the home in order to provide a cash lump sum, regular income or both.
These schemes can be helpful in certain circumstances but are not suitable for everyone. There are advantages and disadvantages involved and it would be prudent to seek professional advice before committing yourself. It is important that you consider all the options available in order to be sure you take the most suitable action for your own needs and circumstances.
This is a Lifetime mortgage. To understand the features and risks, ask for a personalised illustration
A fee may be charged, for arranging your mortgage, according to the level of service offered and our clients circumstances. This could range from zero to 1%. Typically if we arrange a mortgage of £100,000 and our fee is 0.5% of the loan amount, then the fee charged is £500.00.
The initial meeting will be free of charge and you will be made fully aware of all costs prior to conducting any business.
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