Later Life Lending
If you are over 55 and own your own home there may be an option for you to unlock some of the money tied up in your home without you having to move.
It can provide you with a tax-free lump sum, and/or a regular income with a choice of whether you make payments, partial payments or none at all leaving the balance to be paid out of your estate.
Typically, people will explore this for the following reasons:
Repaying your existing mortgage or other debts to reduce your monthly outgoings
Home improvements
A well-earned holiday
Helping out the family with a property deposit or other purchase
Or just supplementing your income for occasional treats
There are important considerations about whether this could be the right option for you, so we need to explore what other options may be available for you, which may include a Retirement Interest Only mortgage, or perhaps downsizing.
As this is a very sensitive area, given the costs involved and potential impact on any benefits, it requires highly professional advice and much due diligence to ensure any solution meets you and your family’s needs.
We are independent which means we can access can the whole market to get the best solution for you and we are members of the Equity Release Council.
