Equity Release / Lifetime Mortgages
Releasing Equity
No Monthly Payments Required
No Monthly Payments Required
If you're 55 or over and you own your own home, you could be eligible for a Lifetime Mortgage and release equity from your property. You can also use a Lifetime Mortgage to:
- Purchase a new property
- Repay existing mortgages
- Home improvements
- Holiday of a lifetime
- Helping your family
No Monthly Payments Required
No Monthly Payments Required
No Monthly Payments Required
With some Lifetime Mortgages you do never have to make a monthly payment. The interest incurred is added to the loan and is repaid on death or moving into long term care. But they may allow you to make regular adhoc payments which will reduce the amount owing.
No Negative Equity Guarantee
No Monthly Payments Required
No Negative Equity Guarantee
You do not need to worry that taking out a Lifetime Mortgage and releasing equity from your property could lead to your loved ones having a debt to repay if the loan exceeds the value of your home when it is sold. All Lifetime Mortgages available through the Equity Release council have a No Negative Equity Guarantee built into them.