Professional Mortgage Advisor

First Time Buyers

The unused funds remain in the equity release account, and interest accrues only on the withdrawn amount.

First Time Buyers

Existing Mortgage

These factors can affect the amount you can borrow or the interest rates offered.

Traditional Mortgages

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

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
Mortgage Advisor Wakefield

Understanding Lifetime Mortgages. What are Lifetime Mortgages?

Mortgage Advisor Leeds