Equity release lifetime mortgages

Equity release lifetime mortgages allow you to release some of the equity tied up in your property. These equity release schemes are also known as equity release mortgages or lifetime mortgages.

Essentially they are interest only mortgages without a set repayment date and without the need for regular repayments. Equity release lifetime mortgages are repaid when you die via the property sale proceeds.

As you make no repayments towards this Equity release lifetime mortgage the original amount you borrowed grows in size each year.

Equity release lifetime mortgages can allow you to release money from your home to help with:

• home repairs
• holidays
• increase standard of living
• new car
• in fact anything you want

There are many types of equity release lifetime mortgages and it pays to take good advice from a professional adviser who is experienced in such matters.

Equity release lifetime mortgages

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