Drawdown Lifetime Mortgage
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Drawdown lifetime mortgages provide access to the equity tied up in your home, providing you with total control over your money.
If you are considering enjoying the benefits of raising money from your home, we can compare the options from all providers whilst also ensuring you secure the best possible interest rate.
The plans are popular because they allow the over 55s to raise money from property with more flexibility than traditional mortgages offer. They are arranged over your lifetime and have optional repayments.
As a result, they remove the stress typical mortgages since there is no pressure to make payments unless you wish to.
The interest can still be repaid to maintain control of the amount owing and to preserve equity for an inheritance or downsizing, for instance.
Drawdown 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
Build Your Dream Retirement With Drawdown Mortgages
Drawdown 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, drawdown mortgages provide a greater range of options then traditional mortgages.
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 drawdown mortgages.
Looking For The Best Drawdown Equity Release?
Drawdown Equity Release plans are flexible & secure. Repayments are voluntary, therefore you have guaranteed home ownership for life. 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 drawdown Equity Release plans and we have access to all providers to secure your best deal.
Request a quote today & we will compare all your options.
Let Us Compare Drawdown Mortgages For You
Boost finances with a drawdown mortgage
Gifting money to family with a drawdown mortgage
A drawdown mortgage can be used to repay your current mortgage
Home improvements with a drawdown mortgage
Drawdown Mortgages Explained
What’s the difference between Drawdown Equity Release & Drawdown Mortgages?
Equity Release is simply a term for raising equity. An equity release drawdown lifetime mortgage is the most common method of safely accessing this equity from your home, tax-free.
Are drawdown mortgages safe?
All drawdown lifetime mortgage UK lenders are all fully regulated by the financial conduct authority (FCA).
Your 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 a drawdown 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?
A drawdown equity release 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 detai