Lifetime Mortgages Explained

Lifetime Mortgages are explained in the most straightforward terms as a method of raising equity from your home. People ask, what is the difference between equity release and lifetime mortgages? A lifetime mortgage is the most popular form of equity release. It enables you to enjoy cash in your home, tax free. 

You can take a lump sum and interest is charged on the amount borrowed at a fixed interest rate for life. The money borrowed plus interest is repaid at the end (or last death in joint applications) of your lifetime. 

You can make repayments to preserve more equity or you can allow the interest to compound and be settled when the plan is. You can never owe more equity than you have in your home as you are protected by a negative equity guarantee.

If you are looking into lifetime mortgages, Compare My Equity can provide access to all the information you need.  Request a free initial review & quotes below. 



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  1. Compare & Save On Exclusive Lifetime Mortgage Interest Rates
  2. Use Our FREE Broker Search Tool & Access The WHOLE Lifetime Mortgage Marketplace. 
  3. Raise Cash From Your Home & Repay A Mortgage, Gift An Early Inheritance, Home Improvements, A New Car, Debts & More. 
  4. Access Exclusive Equity Release Rates, Free Valuations & Cash Backs & Receive Personalised Quotes


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Lifetime mortgages provide the over 55s with the power to safely unlock tax-free equity from your home. 

If you are considering enjoying the benefits of raising money from your home, we can compare equity release options from all providers whilst also ensuring you secure the best possible plan for an equity release lifetime mortgage provider. 

Over the past 5 years the level of options available from lenders has increased significantly with increased demand for accessing this equity.

Lifetime mortgages allow voluntary repayments so you can repay the interest and also some of the capital if you wish to leave an inheritance, or preserve your equity for any other reason.

Should you wish to move home, the plans provide complete flexibility to ‘port’ the plan with you or settle it early. 

Request your quotes and we will provide you with expert information and personalised illustrations on all your options

Have any questions? Get in touch with an expert

0800 2465228


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 a UK Lifetime Mortgage

In the UK Lifetime 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, these plans provide a greater range of options then traditional mortgages. We can compare & source your best lifetime mortgage deals. 

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 a lifetime mortgage.

Compare Lifetime Mortgages

We compare the best lifetime mortgages on the market. Plans are both flexible & secure. Repayments on lifetime mortgages 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 lifetime mortgage plan and we have access to all lenders to secure your best deal. 

How can a lifetime equity release lifetime mortgage help me?

Boost finances with a lifetime mortgage

Gifting money to family with a lifetime mortgage

lifetime mortgage can be used to repay your current mortgage

Home improvements with a lifetime mortgage

Your Equity Release Lifetime Mortgage Questions

What’s the difference between Equity Release & Lifetime Mortgages?

Equity Release is simply a term for raising equity. An equity release lifetime mortgage is the most common method of safely accessing this equity from your home, tax-free.

Are lifetime mortgages safe?

All lifetime mortgage UK lenders are all fully regulated by the financial conduct authority (FCA).

Your lifetime mortgage providers 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 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 equity release 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.