Can a lifetime mortgage help you?
We offer friendly, expert advice to help homeowners aged 55+ make informed decisions about equity release and lifetime mortgage options.
What is a lifetime mortgage?
The most common type of equity release in the UK.
It allows homeowners aged 55 or over to release tax-free cash from the value of their home, without having to move out or sell it.
You retain full ownership of your property.
The loan, plus any interest, is usually repaid when you pass away or move into long-term care.
They are a long-term financial decision
It’s essential to speak with a qualified adviser who can help you understand if a lifetime mortgage is right for you.
How a lifetime mortgage can help you
Boost your retirement income
Access extra funds to enjoy your retirement more comfortably, without dipping into your savings or pensions.
Pay off an existing mortgage or debts
Clear outstanding financial commitments and reduce monthly outgoings, giving you more breathing room.
Help your children or grandchildren financially
Support your loved ones with a deposit for their first home, education fees, or other major life steps.
Enjoy life more comfortably in retirement
Use the money to travel, treat yourself, or make everyday life more enjoyable — you’ve earned it.
Fund home improvements or essential renovations
Make your home more accessible, energy-efficient, or simply more enjoyable to live in.
Equity Release Specialists proudly serving Brent, Ealing, Hammersmith & Fulham, Harrow, Richmond upon Thames, Hillingdon, Hounslow
Lifetime mortgage FAQ's
How does a lifetime mortgage work?
A lifetime mortgage is a loan secured against your home. You don’t need to make monthly repayments unless you choose to.
Who can get a lifetime mortgage?
You typically need to be aged 55 or over and own your home. The amount you can release depends on your age, property value, and individual circumstances.
Will I still own my home with a lifetime mortgage?
Yes — you remain the legal owner of your home. The lender simply secures the loan against your property.
Do I have to make repayments on a lifetime mortgage?
No, but many plans allow you to make voluntary payments to reduce the interest over time. This flexibility helps manage the final repayment amount.
Can I move home if I have a lifetime mortgage?
In many cases, yes. Most lifetime mortgage plans are portable, meaning you can move to a new property, subject to lender approval.
What happens to the loan when I die or move into care?
Your home is typically sold, and the proceeds are used to repay the loan and interest. Anything left over goes to your estate.