As house prices continue to rise, are you considering how clients with sizeable property wealth could utilise one of their biggest assets? A later life mortgage is a loan for over 55's, secured against your client's home. Many advisers are already using later life mortgages to help clients make smarter choices about their finances.

Thinking differently about property wealth

The average age for receiving an inheritance is 61. Many clients may feel they want to help their families sooner, to fund house deposits, school fees or pay down mortgages. Our customers, John and June, decided to do just that, by using a later life mortgage to provide a living inheritance to their loved ones.

If your client chooses to gift the money away, the recipient may have to pay Inheritance Tax in the future.

Technical resources to help you grow smarter

Our technical resources are designed to build your confidence in later life mortgages, help you create new business opportunities and demonstrate different planning options for your clients.

 

 

Supporting your professional development

Our series of events, webinars and articles are designed to develop your industry knowledge.