Later Life Lending Mortgages
Equity release helps UK homeowners aged 55 and over access some of the money tied up in their home. Equity release is the combined name of two products, a lifetime mortgage or home reversion scheme which allow clients aged 55 and over to access the equity (tax free cash) tied up in their homes. With a lifetime mortgage, the most popular type of equity release, clients can choose to take the money released as a lump sum or after an initial release, in smaller amounts (drawdown). There are no affordability checks and the loan is usually repaid when the house is sold following their death or admission into long-term care.
Equity release has evolved rapidly from a niche lending option for the elderly to become a competitive, mainstream later life planning option, a sector growing faster than any other in the mortgage industry.
You’ll need expert equity release advice before you can go about releasing equity. It’s a regulatory requirement. Our Mortgage Broker have a qualified, specialist adviser who will be able to talk you through all of the options available and find a product that suits your needs.
Contact the later life lending desk for a no obligation chat today.