Lifetime Mortgage Specialists in Eastbourne
Are you aged 55 or over and interested in releasing equity from your property? An equity release plan enables individuals of 55 plus to release money from their property, without the need of monthly repayments.
What are Lifetime Mortgages?
There are two forms of equity release: Lifetime Mortgages enable homeowners to either release a lump sum, or regular smaller sums (or even a combination of both). These funds can then be used for multiple purposes, from making home improvements, to gifting money to a loved one to help them get onto the property ladder.
- Lifetime Mortgages - A lifetime mortgage is a loan secured on your property that enables you to release tax-free cash without the need of moving. You are essentially borrowing money against the value of your home but you are not required to repay this until you move into long-term care or pass away.
Lifetime Mortgages plans are regulated by the Financial Conduct Authority.
Is a Lifetime Mortgage right for you?
Equity release is particularly helpful for homeowners who are near the age, or even those that have already reached, the age of retirement. There are many equity release schemes and providers on the market, so it's important to deal with an equity release expert who can guide you through the options available to you.
At Coastway Financial in Eastbourne, lifetime mortgages are our speciality and our expert advisors will find an equity release plan that fits your individual situation. Simply contact us today to arrange an initial consultation.
YOUR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.
This is a Lifetime Mortgage. These are only applicable to those 55 and over, and it could affect eligibility to state means-tested benefits and the inheritance you may leave. To understand the features and risks, ask for a personalised illustration.