These are mortgages in retirement. To understand their risks & features request a personalised retirement mortgage illustration.
Retirement mortgages offer a lifeline to retirees who wish to maintain a monthly mortgage payments into retirement based on income & affordability.
Interest Only Lifetime Mortgages
These are lifetime interest only mortgages. To understand the risks & features ask for your personalised quotation. Interest only mortgages are regulated by the FCA.
Interest Only Lifetime Mortgages are a form of retirement mortgage which can run indefinitely and have the option of paying the interest monthly or on a ad-hoc basis.
Voluntary Repayment Plans
These are voluntary repayment plans. To understand the features and risks associated with voluntary equity release schemes, ask for a personalised Key Facts Illustration.
Voluntary repayment plans offer complete flexibility with regards to managing the future balance of their equity release mortgage.
By allowing upto 10%pa repayments of capital, homeowners can chose how much & when to make random cash repayments back to the retirement mortgage lender.