Lifetime mortgages
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.
Lifetime mortgages are growing in popularity
as people become more familiar with how these
types of equity release schemes work. Another
reason for the increase is that people have seen
massive increases in their property value but
their retirement income is not sufficient enough
for their needs. Lifetime mortgages provide a
way of unlocking some of the equity tied up in
your home for you to spend.
Lifetime mortgages are available from many
lenders now including; Norwich Union, Halifax,
Prudential, Northern Rock, Mortgage Express
There are many types of lifetime mortgages
and it pays to take good advice from a
professional adviser who is experienced in such
matters.
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Uk Equity release mortgages |
