Whether you have an interest-only mortgage coming to the end of its term, or simply want to raise funds for other reasons, a Lifetime Mortgage could be a good solution.
Based only on age and property value, they are not dependent on income or affordability or credit status. Money can be raised for virtually any reason. You can choose to make payments or let the interest roll up. The minimum age for a Lifetime Mortgage is 55. For a couple the youngest has to be at least 55 years old. Note: Any mortgage already on the property must be repaid; it is not possible to have a Lifetime Mortgage in addition to an existing one.
Contact us for quotes or with any questions you may have.
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