Lifetime mortgages UK
Lifetime mortgages UK 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.
A lifetime mortgage is an interest only
mortgage with no set repayment date. The
interest charged on the equity release loan is
added to the mortgage amount each year and is
repaid when the property is eventually sold.
A Lifetime mortgage UK will give you access
to the equity in your property. You could raise
a lump sum of money or even a regular income to
boost your lifestyle in retirement. Generally
Lifetime mortgages UK are only available to
those homeowners over 55.
There are many types of lifetime
mortgages UK and it pays to take good advice from a
professional adviser who is experienced in such
matters.
Lifetime mortgages UK
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