Later Life Mortgage Interest Rates
A Later Life mortgage interest rates are based on several factors. Later Life Finance are a later life mortgage broker with access to interest rates and plans from the whole later life mortgage market allowing you to safely access money tied up in your home known as equity
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Later Life Mortgages are becoming increasing popular as a way to release cash from your home, by the end of 2022 homeowners aged over 55 in the UK released over £6 billion of equity form their homes*
The amount that you can borrow is calculated from on a number of factors including age and home value. Later Life Finance have over 15 years Mortgage expertise and are experts in the Later Life mortgage industry.
We provide an independent Later Life Mortgage comparison service to compare all your Mortgage options and search mortgage providers, interest rates and schemes to provide the best option for you.
Whether you wish to extend your mortgage term, gift cash to loved ones or raise money to live the retirement you deserve, our Later Life finance experts will help you understand all your options and can even arrange the plans for you.
We are an FCA authorised later life mortgage broker for your security and peace of mind.
For a full equity release lifetime mortgage review get in touch on 0800 2465228.
*Source equity release council 2022 report.
What can a Later Life Mortgage be used for?
Cash Lump Sum
Pay Off your Mortgage
Help Family
Dream Holiday
FAQ
Equity Release is simply a term for raising equity. An equity release lifetime mortgage is the most common method of safely accessing this equity from your home, tax-free
All lifetime mortgage UK lenders are all fully regulated by the financial conduct authority (FCA).
Your lifetime mortgage quotes will only be from Equity Release Council Plans for your added peace of mind. The council are the industry trade body who provide several codes of conduct for your added security, including the essential guarantee you will never enter into negative equity.
Usually you can repay up to 10% of the amount borrowed within any 12 month period. This is on a flexible basis and completely voluntary.