With a Lifetime Mortgage, unlike other forms of equity release, you can release tax-free cash from your home whilst retaining full ownership of your home, and without having to commit to making monthly repayments.
Interest is charged on the amount released, with interest rates typically fixed for life. If you do not choose to make repayments over the course of the loan, then the amount borrowed, plus interest is simply repaid at the end of the term, often via the sale of the property.
Before meeting with an equity release adviser, the Retiredom Information Team are on hand to assist you with your enquiry.
They can provide you with an overview of the features of the equity release products available and help to find out if your property could be eligible. Where possible they can also provide more accurate estimates of how much you could release and example interest rates, based on your individual circumstances.
Once you have spoken to us and have received your initial calculations, it couldn't be simpler to start the equity release process.
Our Information Team are here to help you with any initial questions you might have about equity release and the service we provide. They can check your eligibility, let you know how much you could release, and arrange a no-obligation appointment with an expert adviser.
One of our fully qualified equity release specialists will run through your personalised illustration and the different options available to you. They will help you to choose the right plan for your personal circumstances.
If you decide to proceed with our recommendation, then your adviser will be on hand to assist with the completion of the application form and associated paperwork.
Once your application has been accepted, your solicitor will arrange for your plan to complete and will transfer the funds to you. From your initial inquiry to completion, we are with you every step of the way.
If you’re over 55 and your home value is over £70,000 then you could be eligible for equity release.
Book in your telephone consultation with one of our experts. It's free, no-obligation and can help you decide if it's something right for you.