Years Experience
A lifetime mortgage is a leading equity release solution for homeowners in UK. It allows you to unlock tax free cash from your property while maintaining full homeownership. Unlike traditional mortgages, lifetime mortgages have no requirement for monthly repayments. The loan, plus any interest, is typically repaid when you pass away or move into long term care. Repayment is optional, giving you flexibility to make voluntary payments if you choose, helping to manage the loan balance.
All lifetime mortgage products are regulated by the Financial Conduct Authority and also abide by the standards set by the industry trade body, the Equity Release Council, ensuring that your interests are protected.
In order to be able to apply for a lifetime mortgage, you’ll need to fulfil some basic criteria requirements* – these are:
Please also note that if you have an outstanding mortgage on the property, this would need to be repaid with the funds you release with your lifetime mortgage.
When you take out a lifetime mortgage, you can use the funds for a number of different reasons depending on your circumstances. Please note, some restrictions may apply on the reasons. Our customers have been using the equity in their homes for a variety of purposes, including:
If you apply for a lifetime mortgage, you’ll receive friendly, expert guidance every step of the way helping you make informed choices and feel confident throughout your equity release journey. Martin understands the needs of homeowners aged 55 and over, ensuring clear advice and support tailored to your unique situation.
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Email Us
martin@heskethequityrelease.co.uk
07721057002