Lifetime Mortgages

Lifetime Mortgages

Get help with understanding your options for releasing equity from your home. Understand the main options, the costs associated with and the long-term implications of each option.

At IWP Principal our Independent Lifetime Mortgage specialists know and understand the evolving market; we want to make sure you get the solution that is most suitable for your circumstances and gives you the best value.

There are hundreds of products available offering a wide range of interest rates, rate types, flexibility, fees, features, and penalties. Each mortgage lender specifies its own lending criteria, and changes take place continually.

A Lifetime Morgage enables you to access the equity tied up in your home if you are over the age of 55.

Lifetime Mortgages differ from lender to lender, and we provide you with full advice and make recommendations to you, taking time to understand your circumstances.

A Lifetime Mortgage is a loan secured against your home, providing you with a tax-free sum that you can take all at once or in smaller amounts. Taking smaller amounts may incur different interest rates, depending on the rates available at the time.

Taking action in this way is a big decision and there are many factors to consider, especially as it involves securing debt against your home. For this reason, it is only possible to get a lifetime mortgage through a specialist lifetime mortgage adviser.

Lifetime Mortgages differ from lender to lender, and we will take time to understand your circumstances before providing you with full advice and make recommendations.

Any release of equity will reduce the value of your estate and could affect eligibility to means tested benefits. Your adviser should be able to assess and explain this to you.

Your home may be repossessed if you do not keep up repayments on your mortgage.

To understand the features and risks of Lifetime Mortgages, ask for a personalised illustration.

If you would like to find out more about Lifetime Mortgages and receive a free copy of our guide, please get in touch.