Lifetime Mortgages enable you to unlock money from your home now to be used for any purpose.
You also get to choose the best repayment plan for your circumstances from the following:-
No Payment (called a Roll up Plan). This is where you make no repayments at all and the lender recoups their money from the future sale of your home when you decide to sell it.
Interest Only. This is where you make voluntary monthly payments (which you can reduce and increase as you wish) which means that the amount of money you borrowed remains the same across the life of the agreement.
Lifetime mortgages enable you to remain in your home for as long as you like, it’s your home.
You will retain 100% ownership of your home so you are in complete control of any future decisions regarding selling and moving should you wish to do so.
Being accepted for a lifetime mortgage is based entirely on your age and property value.
Funds are usually released to you within 14 days.
There are no Negative Equity Guarantees required.
All products are portable and you can take them with you from one property to another.
These are fixed rate products for your complete peace of mind.
These products are regulated by the FCA for your complete protection.