How does a Lifetime Mortgages Work?
For homeowners who are retired or coming up to retirement, a Lifetime Mortgage can be a great route. There are a number of products on the market from a wide range of brokers. This makes it even more important that you are using mortgage experts to assist you in the process.
Lifetime Mortgage Terms
A Lifetime Mortgage allows homeowners the opportunity to access cash from their property whether this be as a lump sum or regular payments. Often used as a solution to make enhancements on your home, help family members make a move onto the property ladder or to pay for a big life event.
For Lifetime Mortgages there is no affordability calculator or monthly fees. Payments are made upon the sale of your property or after death. The important aspects are your age, the type of property you have and the location of your property.
For impartial financial advice you can trust book a consultation with one of our advisers today. We will discuss your circumstances to find the ideal plan to suit your requirements. For more information please call us today on 01323 335 007 or email email@example.com.
YOUR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.