Lifetime mortgages are effectively equity release schemes which will allow people in this situation access to a lump sum of cash or an income for life. A lifetime mortgage is achieved by effectively taking out a loan that is secured on your property.
Interest is charged on this loan but accumulated over time and is repayable either when you die or go into long-term care i.e. when the property is sold. Both the capital and the interest are both paid by the sale in one go. Lifetime loans have been popular with many OAP's and individuals who want to free up equity from their property.
Endsleigh Financial Independent Tailoring are able to help guide through the best options available to you for lifetime mortgages as we are able to look at a number of different lenders within the UK mortgage marketplace. Compare lifetime mortgages now by completing our quote form online.
Fees - We do not charge a fee for advising on Pure Protection policies, however for some services we offer you the choice of whether you pay us a fee or whether we are paid by commission. There is no additional charge made for dealing with us by telephone.
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