Lifetime Mortgages

A lifetime mortgage is a form of equity release plan where a loan is secured against your property to provide you with a tax free cash lump sum or a regular income to spend as you wish, usually with no monthly repayments to meet.

Interest is added to the lifetime mortgage loan throughout your lifetime, accruing at a fixed or variable rate. The loan plus interest is eventually paid back when the home is sold, usually when you move into long term care, or when you and your partner die. You can typically release between 18-50% of the value of your property with a lifetime mortgage, depending on your age.

Releasing cash from your home with any type of equity release plan will decrease the value of your estate and it could affect entitlement to state benefits. An adviser can talk you through all of the advantages and disadvantages.

Find out more about equity release with the free equity release guide written by Key Retirement Solutions or speak to a specialist equity release adviser by calling free on 0808 156 2664. Lines are open Monday to Friday from 9am-5.30pm.

Key Retirement Solutions offer a full independent advice and recommendation service for which they will charge a fee. The fee is only payable when you receive your cash and is typically 1.5% of the amount released.

If you are thinking about taking out an equity release plan, there are points to consider which you should read through carefully.

This is an equity release plan. To understand the features and risks, ask for a personalised illustration.

Ashley Mortgage Services is an Appointed Representative of The Mortgage Times Group Limited. The Mortgage Times Group Limited registered address is Devonshire House, 60 Goswell Road, London EC1M 7AD and is a company registered in England and Wales with Company number 4961796. The Mortgage Times Group Limited is authorised and regulated by the Financial Services Authority number 303007. VAT number 859179078.