Lifetime Mortgages

Lifetime Mortgages are fast becoming the first choice for many elderly parties wishing to improve their finances in later life.  Often the elderly own houses of significant value.  A Lifetime Mortgage is simply a loan paid to the owner, secured on the property.  No repayments are made and the loan plus accrued interest is repaid on the death of the house owner (or the second death if the house is owned by two parties).  This releases money to the elderly owner which can be paid as income, or a capital sum or a combination of both.  The products are becoming increasingly sophisticated, catering for different types of financial need.

It is wise to take independent help and advice please phone our Senior Issues Team 0845 8553300 or alternatively please fill in the form below to enable us to contact you or send out further information.

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