Interest Only Lifetime Mortgages
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Interest Only Lifetime Mortgages provide access to the equity tied up in your home whilst enabling you to maintain interest repayments.
If you are considering enjoying the benefits of raising money from your home, we can compare all options whilst also ensuring you secure the best possible plan.
The mortgages are popular because they enable the over 55s to raise money from property with more flexibility than traditional mortgages offer, as they are arranged over your lifetime. As a result, they remove the stress typical mortgages can carry.
The interest can be repaid to maintain control of the mortgage and preserve your equity for an inheritance or downsizing, for instance.
Interest only lifetime mortgages offer a safe way of tapping into the wealth tied up in your home to spend as you wish, as long as any existing mortgage is settled from the money taken.
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We can save you money with exclusive plans through our independent equity release advisers who have highly rated equity release reviews across the industry
Equity Release Interest Only Mortgages
Equity Release Interest Only Mortgages enable the over 55’s to safely access the money tied up in your home, known as the Equity. This wealth has gradually built-up as house prices have increased over the past few decades, making your home a financial asset.
Whether you wish to extend your mortgage term or raise cash to help live the retirement you deserve, interest only equity release plans provide a greater range of options then traditional mortgages and can be arranged on an interest only basis, to maintain control of the equity released.
Importantly, since this equity can be taken out tax-free, the mortgages provide an attractive & economical method of raising cash to enjoy and enhance your quality of life with a cash injection using an Equity Release Interest Only mortgage.
Interest Only lifetime morgage providers offer plans which are both flexible & secure.
We search all providers to find your best interest only lifetime mortgage deal and assist with answering all your questions and providing advice.
You can continue to enjoy your home in the years to come, whether you choose to make payments or not.
You retain full home ownership & security for life. We help you find the best lifetime mortgage provider and plan, and we have access to all lenders to secure your best deal.
Use Your Equity For Any Purpose
Boost finances with a lifetime mortgage interest only scheme
Gifting money to family with a lifetime mortgage interest only
An equity release interest only lifetime mortgage can be used to repay your current mortgage
Carry out Home improvements with an interest only lifetime mortgage
Your Interest Only Lifetime Mortgage Questions
What’s the difference between Equity Release & Interest Only Lifetime Mortgages?
Interest Only Equity Release is simply a term for raising equity. An equity release interest only lifetime mortgage is the most common method of safely accessing this equity from your home, tax-free.
Are Interest Only Lifetime Mortgages safe?
All Interest Only Lifetime Mortgage UK lenders are all fully regulated by the financial conduct authority (FCA).
Your lifetime mortgage quotes will only be from Equity Release Council Plans for your added peace of mind. The council are the industry trade body who provide several codes of conduct for your added security, including the essential guarantee you will never enter into negative equity.
Can I make repayments?
Usually you can repay up to 10% of the amount borrowed within any 12 month period. This is on a flexible basis and completely voluntary.
How do I find the most suitable option for me?
Understanding your options and suitability is important to making the best decision for you.
We can put you in touch with an expert who will review and assist with this process.
The specialist broker we put you in touch with operate a zero-pressure policy, and will answer all your questions to ensure you are fully informed with no commitment.
Do I have to sell my home?
The most common form of raising equity is an Interest Only Lifetime Mortgage where you maintain 100% full home ownership for the rest of your life, or joint lives where applicable.
Importantly, you can still move home if you wish and repay or move the mortgage with you.
Can I use my equity for early Inheritance or for tax-planning?
An interest only lifetime mortgage can be used for estate planning purposes. When you request your quotes, we will put you in touch with an expert adviser to discuss this in more detail.