Understanding the specifics of lifetime mortgages can be tricky, especially with the many options available and their various impacts on your financial future. That’s why this page exists.
Here, we strive to demystify lifetime mortgages, providing you with the crucial information you need, explained in plain, simple language.
We cover a wide array of topics around lifetime mortgages in the UK, such as the different types available – including roll-up, interest-only and fixed repayment options. We also delve into how lifetime mortgages can enable you to tap into your home’s equity without needing to move and discuss how you can manage the mortgage over time.
Furthermore, we explore potential implications for your tax situation, state benefits, and inheritance plans. With this information at your fingertips, you can make an informed decision about whether a lifetime mortgage fits into your financial planning.