Later Life Lending
Why Do I Need a Lifetime Mortgage?
Is a Lifetime Mortgage Right for You?
A Lifetime Mortgage isn’t the right choice for everyone, and our qualified advisers are here to help you find out if it’s the right fit for your situation.
Many people use equity release to fund home improvements, make essential repairs, or simply enjoy a better lifestyle — whether that’s taking a dream holiday or helping family financially. Whatever your goals, we’re here to guide you through your options.
How the Process Works
Because Lifetime Mortgages can be complex and there are many plans available, the first step is to have a conversation with one of our fully qualified advisers. We’ll take the time to understand your circumstances and what you’re hoping to achieve — either in the comfort of your own home or over the phone, whichever suits you best.
We’ll only recommend a Lifetime Mortgage if it’s truly the right choice for you. If it isn’t, we’ll tell you so — and help you explore other options.
Every plan we recommend is approved by the Equity Release Council and includes important protections, such as the No Negative Equity Guarantee — meaning you’ll never owe more than the value of your home.
The Legal Side
As part of the process, you’ll need a solicitor to provide independent legal advice and ensure you fully understand the terms of the Lifetime Mortgage. While we’ll handle the financial advice, your appointed solicitor will look after the legal aspects to protect your interests.
Things to Consider
A Lifetime Mortgage may not be suitable for everyone and could affect your entitlement to means-tested benefits. It’s essential to seek advice before making any decisions and to carefully consider all available options.
Keep in mind that the interest on a Lifetime Mortgage is added to both the original loan and the accumulated interest, meaning the amount you owe can grow over time. This could reduce the remaining equity in your home and the value of any inheritance you plan to leave.
We encourage you to involve your family or beneficiaries in the process, as a Lifetime Mortgage may impact their future inheritance. They are welcome to join any meetings with your financial adviser to ask questions and share in the decision-making.
Find Out More
For more information, please contact us:
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Phone: 01823 426046