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Good Evening, Welcome to First Mortgage Consultancy.co.ukLifetime MortgageLifetime Mortgage UK, Quotes & AdviceA Lifetime Mortgage gives you the chance to unlock the money tied up in your home and can help to make the most of your retirement, whether topping up pensions or using the funds to improve your lifestyle. There are various Lifetime Mortgage products on the market including fixed rate for life, tracker rate for life, protected equity schemes that are available from a host of different lenders. We can introduce you to one of the UK's leading lifetime mortgage specialists, who are happy to discuss your requirements. Call NOW on 0845 603 1525. How a lifetime mortgage worksIf you (and your partner) are aged 60 or over, and you own your own home you could be eligible for a lifetime mortgage and borrow a cash lump from the equity within your home. The amount of equity you can release will depend upon your age and the value of your property. Age limits and minimum property values will vary between lenders. This is a lifetime mortgage. To understand the features and risks, ask for a personalised illustration. A lifetime equity release mortgage is a commitment for the rest of your life and should not be used to get cash in the short term. If you choose to repay the loan early you may have to pay a large early repayment charge. If you are entitled to welfare or tax benefits these may be affected. As a result, most lifetime mortgage providers recommend that you take legal advice before proceeding, and also that you seek independent financial advice. And using equity release will of course have a major impact on your estate, so it can make sense to discuss the matter with your family before going ahead. We can introduce you to one of the UK's leading lifetime mortgage specialists, who are happy to discuss your requirements. Frequently Asked Questions1. Do I qualify for a lifetime mortgage? - You will usually qualify if:
2. How much cash will be available to me? - This depends on how old you are, how much your house is worth. This amount will vary between lenders. Getting advice & a quote is essential to get an idea of the amount of cash available to you 3. How long will it take to release the cash? - It will depend on the lender, but it usually takes 6-8 weeks from application to completion for a lifetime mortgage 4. Can I move home in the future? - Yes. Any lifetime mortgage recommended gives you the right to stay in your home for life or move if you wish. However your new property will need to be approved by the lender 5. Will my children end up with debts? - No. Any life time mortgage recommended will come with a negative equity guarantee so you would never owe more than the value of your home. 6. What happens if I want to repay the loan? - Early repayment charges will apply if you want to repay the loan early 7. What happens if my partner dies? - Any plan recommended will give you both the right to stay in your home as long as you wish 8. How will the value of my home be assessed? - Your property will be valued by an independent chartered surveyor to ascertain the true value of your property. The lifetime mortgage provider will normally be able to arrange the valuation of your property. Lines are open, call NOW on 0845 603 1525 or fill in our quick no obligation quote form above. We can introduce you to one of the UK's leading lifetime mortgage specialists, who are happy to discuss your requirements. This is a lifetime mortgage. To understand the features and risks, ask for a personalised illustration.  Lost? Try our sitemap. If you're looking for a 100% Mortgage, why not try our new site 100-Mortgage-Quote.co.uk . Mortgage - 100% Mortgage - 100 Percent Mortgage - First Time Buyer - Self Cert Mortgage - Self Certification Mortgage- Buy to Let Mortgage - Lifetime Mortgage Remortgage - 100% Remortgage - Self Cert Remortgage - Fixed Rate Mortgage - Discount Rate Mortgage Tracker Mortgage - Interest Only Mortgage - Secured Home Loan - Mortgage Resources - add your URL / Add your site |
