Are you over 55?

Maybe a Lifetime Mortgage or Equity Release could be right for you??

There are no affordability requirements, if you are 55 or over, there are no age restrictions at all. You could take out one of these plans with interest rates as low as 2.34% (as of 25/01/2021) and have this fixed for life!! You can choose to make no repayments, Interest Only payments, or even overpay whenever you want. You can have a reserve facility for the future.

So why do people take out these plans?

Well there are many reasons, but here are some:

• To pay for home improvements, holiday and for extra income
• To help the family
• To reduce inheritance tax
• To help buy a new home
• To pay for care at home

*Disclaimer: The above statements are subject to lender’s criteria. A lifetime mortgage is a long-term commitment which could accumulate interest and is secured against your home. Equity Release is not right for everyone and may reduce the value of your estate. We refer to Viva Retirement Solutions and their fee for arranging a Lifetime Mortgage is £750 payable only upon completion. Research has shown that some companies charge £1,500 or 1.95% of the loan, whatever is greater, for this service including a letter of suitability. Viva Retirement Solutions is a trading name of Viva Retirement Ltd and is an Appointed Representative of Stonebridge Mortgage Solutions Ltd, which is regulated by the Financial Conduct Authority. Registered Office: 4 Severnvale, London Colney, ST Albans, Hertfordshire. AL2 1TE Registered company number: 10756078 – Registered in England and Wales.