Professional Mortgage Advisor
First Time Buyers
The unused funds remain in the equity release account, and interest accrues only on the withdrawn amount.
![Professional Mortgage Advisor Wakefield Mortgage Services First Time Buyers](img/wms13.png)
Existing Mortgage
These factors can affect the amount you can borrow or the interest rates offered.
![Traditional Mortgages](img/wms17.png)
Traditional Mortgages
The Application Process. Finding the Right Provider
Financial Advisors
Typically, the loan-to-value (LTV) ratio for lifetime mortgages ranges from 20% to 50%, depending on your age.
![Financial Advisors](img/wms11.png)
Loan Terms
Interest accrues on the amount you borrow, and it is typically added to the loan balance. You have the option to make voluntary repayments if you wish to manage the interest.
Repayments
By understanding the intricacies of lifetime mortgages, their benefits, and potential considerations, you can make an informed decision about whether this financial solution aligns with your needs and goals.
![Repayments](img/wms7.png)
Mortgage Advisor Wakefield
Understanding Lifetime Mortgages. What are Lifetime Mortgages?
Mortgage Advisor Leeds