Equity Release mortgages are designed for individuals aged 55 and above.
This will all you to continue having a mortgage without monthly repayments for the rest of their lives.
The most common reasons people opt for this type of mortgage include:
- The interest-only mortgage term is ending
- They want to gift money to their family
- They need to pay for medical bills
- They need to extend leases on leasehold flats
- They want to go on holiday
We are here to help. Please contact us, and we can schedule a conversation to discuss your options.
Though you can make overpayments if you wish, the debt increases over time, which may decrease potential inheritance. Therefore, we recommend discussing the matter with your family or even inviting them to our meeting. This way, we can provide all the necessary information and help you make the right decision.
We may consider some alternatives, such as Retirement interest-only mortgages, traditional mortgages, or downsizing. We are here to help. Please contact us, and we can schedule a conversation to discuss your options.
This is a lifetime mortgage. To understand the features and risks, please ask for a personalised illustration. Check that this mortgage will meet your needs if you want to move or sell your home or you want your family to inherit it. If you are in any doubt, seek independent advice.