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Draw Down


Serviced Borrowing







A Lifetime Mortgage involves taking out a type of mortgage that does not require monthly repayments and where the interest on the loan is compounded or 'rolled up' (with most plans you can make optional annual repayments if you wish, usually up to 10% of the initial amount borrowed).  


You retain ownership of your home and the loan and the rolled up interest is repaid by your estate when you either die or move into long term care. If you are part of a couple, the repayment is not made until the last remaining person living in the home either dies or moves into care, meaning that both you and your partner are free to live in your home for the rest of your lives.

Given that all products covered by The Equity Release Council, carry a 'no negative equity' guarantee, your loan and interest can never be greater than the value of your property, so there would be nothing 'owing' from your estate when you die. 

You can elect to protect some of the value of your property as an inheritance for your family, meaning that you can benefit from releasing equity while still retaining something to pass on to your children.


Some people may be able to release larger lump sums due to impaired health or may prefer to make monthly repayment in part, or in full, with an option to 'roll-up' at a later date if the monthly repayments became unaffordable.

If you are considering an Equity release Lifetime mortgage, there are many things that you will need to consider and to understand. For a no obligation conversation with an Equity Release Adviser:

Call us on: 0800 080 7653
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