| |
If you and your partner are both aged over 55 then you could be eligible for a Lifetime Mortgage. This is a special type of Mortgage that allows you to release some of the financial investment you’ve made in your house. Equity can be released and used exactly as you wish - as a cash lump sum to boost your retirement funds or invested to generate income.
The mortgage is secured on your property in the usual way but there are no monthly payments to make and interest is simply added to the loan. The Lifetime Mortgage is designed to help you remain in your home for as long as you wish so you wont have to worry about having to give up your home. Interest is added to your loan and the full amount is paid back when your home is eventually sold.
|
|
If you are considering taking out a Lifetime Mortgage it is critical that you get expert advice. Our team are experienced and they know how to help you and who to talk to. We can help you through the whole process.
The lawnlane team can also advise you on Home Reversion schemes - these are an option to consider when you are looking to release equity from your property. Home Reversion schemes are not regulated by the Financial Services Authority.
This is a Lifetime Mortgage. To understand the features and risks, ask for a personalised illustration.
|
|
