Lifetime Mortgage Advice
If you are looking to free up some extra cash and are aged over 55, a lifetime mortgage could be a great financial option. Whether you are looking to pay off some debts for a family member or go on that dream holiday you have always talked about, we can help you find the right lifetime mortgage for your situation.Arrange a FREE consultation
What is a Lifetime Mortgage?
A lifetime mortgage is a loan secured against your home that allows you to release tax-free equity without the need to sell your property. This can be a lump sum or paid in regular amounts.
- Retain 100% ownership of your property
- The right to sell at any time
- Transfer/port the existing mortgage to a new property that is acceptable to the lender
Speak to a Lifetime Mortgage Adviser
Looking to secure your later life mortgage today? We provide free, non obligatory phone and video consultations. One of our friendly team of experts will guide you through the process and work out the best plan to suit your needs.
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Why Choose Boon Brokers?
We provide impartial advice and will search the entire market to ensure we are getting you the very best deal possible. We want to make life easier for you, so leave the admin to us.Get in Touch
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How Do I Get a Lifetime Mortgage?
When looking for lifetime mortgages it is important to make sure you are protected, by choosing a reputable provider that is on the Financial Conduct Authority register and a member of the Equity Release Council. For your peace of mind, it is best to speak to a regulated lifetime mortgage adviser to discuss your options.Get in Touch
Who is Eligible?
Qualifying for a lifetime mortgage depends on your age as you must be over 55. If you are looking to take out this type of equity release with your partner, the age of the youngest borrower must also be at least 55.Get in Touch
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FAQ SectionView all FAQs
- Relieve the stress of paying any debts
- Access a tax-free lump sum
- Avoid paying as much inheritance tax
- Spend your money whilst you can still enjoy it
- Provides money to spend on care if needed
- Keep living in your home
- Interest can quickly be accrued
- Difficult to estimate the total cost as it depends on length of life
- Early repayment penalties
- Restricted if you want to move house
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