Lifetime Mortgages

A Lifetime Mortgage is the most popular equity release product on the market, as you can release your tax-free cash without selling your home and also without having to commit to monthly payments. Instead, interest will be added to the loan and increase overtime. Once you pass away or enter permanent long-term care, the full amount plus interest will usually be repaid with the sale of your home.

Please note that releasing equity from your property could impact the value of your estate, as you will have already accessed some of its value and that could affect your entitlement to means-tested benefits. Therefore it’s very important to receive professional advice on this.