Lifetime Mortgages

A Lifetime Mortgage is a tool for converting some of the value in your home into a tax-free lump sum. There are no income requirements. The amount you can borrow depends solely on your age and the value of your property - the older you are, the more you can borrow (minimum age 55). The money raised can be used for any purpose including home improvements, helping family members, paying off other debts, or taking a holiday.

A Lifetime Mortgage is interest-only borrowing and you can choose to either repay the interest on a monthly basis, or in lump sums when you wish to, or make no payment at all and allow the interest to roll up and be repaid from the eventual sale of the property. You can arrange to borrow an initial amount with a facility for taking further borrowing in the future.

If you would like to find out what options may be open to you as regards a Lifetime Mortgage, just ring us on 01342 313302 or use the Online Enquiry facility on the right-hand side of this page.

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