Financial Mortgage Advice

Lifetime Mortgage

 

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What is a Lifetime Mortgage?

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different types of equiry release

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What is a Lifetime Moretgage?

A lifetime mortgage is a type of equity release where a loan is secured against your home based on how much it’s worth. You can receive the cash either in a lump sum or in monthly instalments. You keep ownership of your home and pay the loan back when the property is sold after your death, or when you move into long-term care.

What are the Pros of Equity Release

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FAQs 

Differen ypes of lifetime mortgage

There are many different types of lifetime mortgages. The most popular are:

Roll-up lifetime mortgage

A lifetime mortgage is a type of equity release where a loan is secured against your home based on how much it’s worth. You can receive the cash either in a lump sum or in monthly instalments. You keep ownership of your home and pay the loan back when the property is sold after your death, or when you move into long-term care.

Drawdown lifetime mortgage

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Flexible lifetime mortgage

Enhanced lifetime mortgage

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