💡 If you’re aged 55 or over Equity Release might just be the solution you've been looking for if you don’t have sufficient savings to clear your mortgage.
🔓 An Equity Release Lifetime Mortgage enables you to access funds tied up in your home, which you could then use to clear your existing standard mortgage.
💡 With a Lifetime Mortgage, the amount you can borrow is based on your age and the value of your property, rather than income affordability.
🔒The interest rate for a lifetime mortgage is fixed for life and it is only required to be repaid after you, or the last remaining applicant, dies or moves into long term care.
🏡However, you still have options to move home in the future if your circumstances change.
⚖️ You can choose to have a plan with no committed monthly payments but have the option to make voluntary repayments if you wanted to, which would reduce the amount of interest that accumulates over time.
💡 This means you have flexibility and control of the debt.
🌟 If you would like to find out more about this or anything else to do with Equity Release, drop me a message, I’m here to help.
This is a lifetime mortgage. To understand the features and risks ask for a personalised illustration. Check that this mortgage will meet your needs if you want to move or sell your home, or you want your family to inherit it. If you are in any doubt, seek independent advice.
A fee may be charged for mortgage advice, the exact amount will depend on your circumstances.