Yes, with a lifetime mortgage you remain the legal owner of your home. The equity release loan is secured against your property, but you retain ownership and can continue living in your home for as long as you choose.

Most lifetime mortgages are portable, meaning you can move to a new property in the future if you wish, provided the new home meets your lender’s criteria. Martin will guide you through your options to ensure your move is as smooth as possible.

Interest on a lifetime mortgage can be fixed or, in some cases, variable. The interest is usually added to the total amount you owe each month (known as “roll-up interest”). You don’t have to make monthly payments unless you choose to, but making voluntary payments can help reduce the total cost over time.

When you pass away or move into long term care, your home is typically sold and the lifetime mortgage, plus any interest, is repaid from the proceeds. Any remaining value belongs to you or your estate. If you have a partner named on the mortgage, they can continue to live in the home until they pass away or enter care.