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What is an Optional Payment Lifetime Mortgage?

Our Optional Payment Lifetime Mortgage, a type of equity release, is a loan secured on your home which allows you to borrow against the value of your home while continuing to live there. You get a tax-free cash sum, and could save interest by making monthly interest payments. You can stop interest payments at any time, but you won’t be able to restart them.

This could be one solution if you‘re approaching the end of an interest-only mortgage and need to repay it. You may need to pay an early repayment charge to your lender.

Achieve your retirement dreams with a later life mortgage

Designed exclusively for those aged 55 or over, they allow you to access money from your property as a loan secured against it. You can use the money to enhance your lifestyle, finance your travel dreams, help loved ones; whatever it is, our team of specialist advisers will tell you if a later life mortgage can help you achieve your retirement dreams. 

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Think a later life mortgage might be right for you, too?

Speak to one of our specialist advisers today

 

0808 301 7044



 

Monday to Sunday 8:30am - 8:00pm
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