At Mortgage Select we offer a specialist Equity Release service, also known as Lifetime Mortgages, which is a mortgage secured against your home.
If you are over 55 and need to unlock some of the equity in your home, you can release a tax-free lump sum to spend as you wish, whilst also staying in your home for life. No repayments will be required until you die or move out of your home into long-term care.
A Lifetime Mortgage can give you access to some of the money that is tied up in your home. With the option of no monthly payments, you could boost your retirement, book a dream holiday, buy a new car, use the money for home improvements, and so much more.
Contact our Lifetime Mortgages advisors
Are you Eligible?
To be eligible for a Lifetime Mortgage, you need to be aged 55 or over and own a property in England, Scotland, Wales or Northern Ireland worth over £70,000 or more.
Individual providers also have different criteria that you have to meet when applying for a Lifetime Mortgage. Our specialist Lifetime Mortgage Advisors will research the marketplace to ensure that your circumstances meet the provider’s requirements.
Is a Lifetime Mortgage right for you?
There are different types of Lifetime Mortgages available and it depends on your circumstances as to whether it will be right for you. It’s important to consider if there are any other options available such as downsizing, applying for a standard mortgage or borrowing the money from elsewhere.
Our specialist Advisors will discuss all of the options available with you, taking into consideration your personal circumstances. If a Lifetime Mortgage is appropriate for your needs, they will then recommend a plan that is most suited to you by researching all of the products that are available in the market.
Our Lifetime Mortgages Advisors
We are proud to be a member of the Equity Release Council and our specialist Lifetime Mortgage Advisors, Gareth and Samantha, are fully qualified in Lifetime Mortgages with 40 years of experience between them. We are also regulated by the Financial Conduct Authority, offering you peace of mind.
If you would like to discuss if a Lifetime Mortgage is right for you, please contact us to book in a free no-obligation consultation with Gareth or Samantha.
If you are thinking of taking out a Lifetime Mortgage, you should always seek independent advice. All advisors recommending Lifetime Mortgages must have a specialist qualification.