Am I eligible for a lifetime /Equity Release mortgage?


To qualify for a lifetime mortgage, you must:

Be aged 55 or over

Own your own home with a property value of at least £70,000

How much can I borrow and at what rate?

To calculate this amount, we compare your age and property value to all lenders  and via there 'loan to value' table.


This allows us to work out what percentage of your home's value is available to you at the current rate of interest.



If you'd like to speak to someone about how much you could release go to our contact section.

Unlocking the equity in your home is an important step, we offer face to face advice to ensure you understand all the risks.

We take the time to get to know you and understand your circumstances, because the first thing to work out is whether equity release is right for you.

And if it isn’t, we’ll tell you

During our appointment, we'll ensure you consider all your options including downsizing or using other forms of borrowing, and, if equity release isn't right for you, we'll let you know.

As an Independent Financial adviser we can give you all the options including retirement, interest only and later life lending.

What is equity release?

It’s a way of taking cash out of the home you own without having to move. There are two types of equity release – a home reversion plan and a lifetime mortgage.


The one we offer is a lifetime mortgage, which you can apply for once you turn 55. This is a long-term loan secured against your home. When you (and your partner, if you’ve taken it out jointly) pass away or need to go into long-term care, the loan and any interest that’s built up is paid back – normally using money from your home’s sale, subject to our terms and conditions.


You need to know that taking out any type of equity release will mean you can leave a lower amount behind to loved ones. It may also have a tax impact and affect whether you’re still eligible for welfare benefits.


What you can borrow is based on things like:


  • Your age
  • Your health and lifestyle
  • What your home’s value
  • The type of property you own and where you live.


Retirement & Lifetime Mortgages


Retirement Mortgages maybe more suitable?


Interest Only Retirement Mortgages are popular and can be accessed if you are able to afford the monthly payments during your retirement, there are many different options available and some interest only lending does not have a fixed term, so can be interest only for life.


Borrowing on interest only can be an alternative to a Lifetime Mortgage and could protect the equity in your home for your beneficiaries.


To discuss all the options please give us a call.


Purchasing Property with a Lifetime Mortgage

If you are over 55 and are looking at Purchasing a property then using a Lifetime Mortgage maybe an option to consider.


We have arranged a number of mortgages for clients who are looking at purchasing a property in later life for a variety of reasons.


There are a number of benefits that to using a lifetime mortgage to purchase a new property.


  1. No Monthly Payments.
  2. No Income Assessment.
  3. No Loan to Value restrictions.


To find out more book a no obligation chat today.

Equity Release


Not sure what mortgage is right for you?


To release equity from your home, this typically involves taking out a form of mortgage product. Releasing Equity can be done using a lifetime mortgage, but their are many different products available so give us a call to help you consider your options.


From a lifetime mortgage to a retirement interest only mortgage, now could be a good time to find out how much you could release.


Equity Release and Lifetime mortgages are based on your property value and age, not your income so can be used for a variety of reasons, including lifestyle, paying off a traditional interest only mortgage or additional funds for retirement.

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