Do you need to improve your home, receive care at home or give your children/grandchildren the help they need?
Our appointed representative Anthony Trueman of Anthony Trueman and Co, discusses Lifetime Mortgages.
The population is living longer, that’s no surprise, but have you set aside enough to fund your retirement?
The way we buy houses has changed in recent years.
Once, it was commonplace to have paid off a mortgage towards the end of your working life but many retirees are now still making mortgage payments long after they reach the age of retirement.
A Lifetime Mortgage is a form of Equity Release where you can release some of the money that’s tied up in your home – tax-free – to spend on anything you want or need.
There could be any number of reasons why you’d like to stay in your own home as you get older, least of all being the fact you’ve grown attached to where you live and you want to stay there.
Improving the quality of your retirement with a lifetime mortgage may mean the peace of mind to plan more leisure time.
Can you afford to ignore the value that is locked in your house?
Talk to us about a Lifetime Mortgage and you may be able to borrow money secured against your home, provided it is your main residence, while retaining ownership.
As the name suggests it is a large financial commitment that’s designed to last a lifetime which is why you must take specialist advice before you commit.
As a member of the Equity Release Council our qualified advisers can help you explore alternative options.
There is certain criteria on who can take out a lifetime mortgage, so make sure you call our office and talk to an adviser.