Lifetime Mortgage

Lifetime mortgage is an equity release method that involves a loan like a regular mortgage, except in this case it’s intended to be paid back after the borrower dies or moves to a long term care facility, instead of a set monthly amount. Lifetime mortgages allow you to borrow money secured against your house without ceasing to own it.

There are several options when initiating a lifetime mortgage, such as: 

+Flexible lifetime mortgage

+Interest only lifetime mortgage

+Roll-up lifetime mortgage

+Drawdown lifetime mortgage

Last updated bySofia