Discover financial freedom with a Later Life Mortgage. Access the cash tied up in your property while continuing to live in your home. Whether you’re planning for retirement, supporting loved ones, or funding a dream project, equity release could be the key to achieving your goals.
What is a Later Life Mortgage?
A Later Life Mortgage, or equity release, allows homeowners aged 55 and over to access funds from their property. With options to take a lump sum, smaller drawdowns, or a combination of both, you gain flexibility to enjoy the retirement you deserve, all without the need to sell your home.
Take control of your finances while maintaining ownership of your property. A Later Life Mortgage can help you plan for the future with confidence.
Why Choose a Later Life Mortgage?
Later Life Mortgages offer a wide range of benefits tailored to your unique needs.
Achieve Your Dreams
- Home Improvements – Transform your living space by funding renovations and upgrades.
- Support Your Family – Help loved ones with life milestones like buying a home or funding education.
Financial Flexibility
- Ease into Retirement – Transform your living space by funding renovations and upgrades.
- Consolidate Debt – Eliminate monthly repayments by using funds to settle existing debts.
Create Lasting Memories
- Make Your Aspirations a Reality – Whether it’s a dream vacation or a new car, turn your ideas into experiences.
How Does it Work?
Unlocking the value of your home couldn’t be simpler.
Evaluate Your Equity
Determine how much cash you can access by calculating the difference between your home’s value and any outstanding mortgage.
Access Flexible Funding
Choose how you’d like to receive your funds—as a lump sum, smaller payments, or a regular income.
Consult an Adviser
Our trusted network of FCA-approved brokers will guide you through the process to ensure it’s the right decision for your situation.
Important Consideration
Before opting for a Later Life Mortgage, it’s essential to weigh some key factors to make an informed choice.
- Interest Accumulation – Understand how interest will grow over time and consult an adviser to explore repayment options.
- Impact on Benefits – Equity release may affect entitlement to means-tested benefits such as Pension Credit.
- Inheritance Planning – Consider how unlocking equity will affect the value of your estate and what you pass on to loved ones.
Testimonials from Customers Like You
“Equity release gave me the funds to renovate my kitchen and create a home I love, without the stress of moving.”
– Anna W., Bristol
“Thanks to equity release, I helped my grandson with his first home purchase. It’s the best gift I could have given him.”
– Edward T., Nottingham
“This decision gave me peace of mind knowing my retirement is financially secure.”
– Margaret L., Leeds
Frequently Asked Questions
What types of Later Life Mortgages are available?
There are two main types:
- Lifetime Mortgages: Retain 100% ownership of your property while borrowing funds.
- Home Reversion Plans: Sell a share of your property in exchange for a lump sum.
Can I still own and live in my home?
Yes, with a Lifetime Mortgage, you remain the owner of your home. The loan is repaid when the property is sold, either after death or when you move into long-term care.
How much can I borrow?
The amount depends on factors such as your age, property value, and lender criteria. Typically, the minimum lump sum starts at £10,000.
Will equity release affect my benefits?
It could. Equity release may impact means-tested benefits, so it’s important to consult a financial adviser to understand your specific circumstances.
Take the First Step
Transform your home equity into the financial flexibility you need to live the retirement lifestyle you’ve always dreamed of. Start by speaking to an experienced adviser and explore how a Later Life Mortgage could work for you.