Equity Release Mortgages
Equity Release mortgages - Lifetime Mortgages or Reverse mortgages are becoming increasingly popular. As a homeowner, you will have invested a lot of time and money into making it the home of your dreams. You may find your retirement income is not enough to see you through the rest of your years, yet you have your heart set on staying in your home for the rest of your life.
The equity release mortgage you may be offered will depend upon the amount of equity you have, the current market value of your property, your age and will be subject to the maximum loan amount available.
THIS IS A LIFETIME MORTGAGE / HOME REVERSION SCHEME, TO UNDERSTAND THE FEATURES AND RISK, ASK FOR A PERSONALISED ILLUSTRATION
- You could release money from your home to help you do what you want in your retirement
- You can continue to live in your home until you die or go into long-term care
- As equity release mortgage is a lifetime commitment, we will ensure you work with fully qualified and experienced advisers in the lifetime mortgage market — they will explain all the costs and risks involved such as the effect on inheritance, tax and welfare benefits.
- Equity release is a big decision, so we'll look at all your options before deciding if an equity release mortgage / reverse mortgage is right for you.
This is a lifetime mortgage or a home reversion plan.
To ensure you understand the features and risks with lifetime mortgages/ equity release mortgages and to make sure you get the best possible advice we will refer you onto a specialist Lifetime advisor in a nominated Lender.
Equity Release mortgages / Lifetime mortgages
There is much confusion over equity release mortgages and lifetime mortgages indeed sometime they have even been called reverse mortgages, we will appoint a professional advisor to look after your Equity Release mortgages - Lifetime Mortgages or Reverse mortgages needs
Every care will be taken to ensure it is the right thing for you to do
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