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Moneyfacts Equity Release 2019
Whether you’re looking to treat the family to the trip of a lifetime or finally get the kitchen you’ve dreamed of, our Flexible Lifetime Mortgage could be just what you need.
If you’re looking to release some of the money tied up in your home to supplement your monthly income, then our Income Lifetime Mortgage could be right for you.
With a lifetime mortgage, a loan secured against your home, you could release money without having to move. This is a type of equity release and will reduce an inheritance.
We have a range of lifetime mortgage products. Answer a few simple questions to see which one could offer the solution you’re looking for.
A lifetime mortgage is a type of equity release - it's a loan secured against your home which lets you release money as a cash sum or a regular income over a fixed term.
It is only repaid from the sale of your home when the last surviving borrower dies, or moves out of the home and into long-term care. A lifetime mortgage will reduce an inheritance and may affect your entitlement to means tested benefits. Interest is charged on the loan plus any interest already added. This means the amount you owe will increase quickly over time. Arrangement fee may apply.
Find out how some of our customers have used their lifetime mortgages.