Lifetime Mortgages

Over the last 25 years, some 350,000 households have benefited from Lifetime Mortgages raising over £17 billion in the process.


More and more people now consider Lifetime Mortgages as part as their financial planning for retirement. Entering into an Life Mortgage could change life considerably but as this is a commitment for a long period of your life it is vital that the right product is tailored for your needs and circumstances.

To discuss further on lifetime mortgages please call and speak to one of our advisors.

TEL; 01257 441580

Case Example

Lifetime Mortgages

68 year old William Burns had spent a considerable part of his working life in the Royal Navy before retiring from engineering. He now has an active lifestyle and is also the Chairman of the local crown green bowling association along with his other interests, including been a keen fisherman.

Willian has recently been looking at ways of improving his financial situation and maintaining his standard of living, but additionally looking at ways of helping his children financially. He therefore started looking into the possibility of equity release to help his situation. Fortunately, a close friend recommended him to ourselves

At first there was some trepidation as William saw the equity release market as ‘a minefield’ and had heard all the negative publicity from the 1980’s when these products were unregulated. However, after spending much time discussing his personal and financial situation along with his future aims and aspirations his worries were put to ease.

A lifetime mortgage met his requirements perfectly, allowing William the initial cash lump sum he required whilst also providing a cash withdrawal facility from which further withdrawals could be made as needed.

William also liked the Flexible Repayment Option allowing repayments of up to 10% per annum of the amount borrowed, which he could utilise at any time after the first anniversary of the plan. This could help him reduce the roll up of interest and being an optional feature could be used as and when his circumstances allowed.

Not only that, but if William does decide to downsize and pay off his loan in full after 5 years, he can do so with no early repayment charge with the provider we selected.

Overall, William feels that taking out such a plan has really made a difference to his lifestyle. He has been able to meet all his aims and he now feels he has no ‘money worries’ for the future.

William was extremely happy with the service provided by both ourselves and the Lifetime mortgage provider, which he felt was excellent.