Equity Release, also known as a lifetime mortgage, is a mortgage secured against your home, which allows you to release a cash-lump sum from the equity (or value) held in your property.
With a lifetime mortgage, you retain ownership of your home and can still benefit from any price increases.
You may wish to consider this option if you are asset rich.
People enter into lifetime mortgages for a variety of reasons including:-
Extra spending money
Gifting to family during lifetime
Purchasing a new car
Helping children onto the property ladder
University/private school fees
You have the option to pay the interest, reduce capital or let the debt roll up.
At Trust Matters we are fully qualified to advise on lifetime mortgages.
We research the market in order to find you the best product and interest rate.
Contact us today to see if a lifetime mortgage is right for you and your family.
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