Lifetime Mortgage Rates is here to support you
Whether you need advice on releasing equity in your home or you are looking to refinance your existing lifetime mortgage, get in touch with our team today for up-to-date advice and guidance.
If you would like a call back and would prefer specific days or times, please detail this in a message.
A Lifetime mortgage would not be suitable if:
- You do not own our own home
- One of the owners is below the age of 55
- Your home is not considered suitable collateral to the lender. For example, it may be located near an electricity pylon, in a high flood risk area or of a non-standard construction type.
- You are not prepared to have a debt secured against your home.
Some people may not be able to borrow a sufficient sum to meet their needs. It will depend on their age, the value of their home and the sum required.
If the interest on a lifetime mortgage is not serviced, it can build-up (compound) over time and significantly erode the equity in your estate. Make sure you understand the nature of compound interest when you speak with an equity release advisor and if unsure, ask them to explain it to you.
