How Do Lifetime Mortgages Work?
If you're a homeowner who is going to be retiring soon, or is already retired, a Lifetime Mortgage is a great option. There are a selection of options available, from a range of different brokers. This means that it's even more essential that you use a professional.
Lifetime Mortgages give homeowners the chance to use their property as collateral to get a lump sum or regular payments of cash. A great way to get financing for simple things like enhancing your property, helping loved ones to get on to the property market, or paying for a life event.
Two of the many benefits of a Lifetime Mortgage is that there is no affordability calculator and no monthly fees. Payment is simply taken once your property sold, or after you die. Eligibility will be based on your age, your property type and where you are located.
For further information on lifetime mortgages in Hastings, East Sussex, contact us today. Call us today on 01323 335 007 or email firstname.lastname@example.org and we will be happy to answer any questions.
YOUR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.