Lifetime Mortgages

This type of mortgage is secured against the value of the home. There are no monthly repayments and interest is rolled up over the life of the loan and repaid upon leaving for long-term care or death; at this point the property is sold and the lender repaid. The loan can increase as interest is added over time to greater than the value of the property depending on how long the plan is in force for.

This is a lifetime mortgage. To understand the features and risks, ask for a personalised illustration.

Your home may be repossessed if you fail to keep up the repayments on your mortgage.

Why not contact us for a more detailed analysis of your requirements.