Equity release mortgages can give you financial freedom in retirement to make home improvements, pay off an existing…
Published: March 1, 2021
If your aged 55+ get financial freedom in retirement. A lifetime mortgage can help unlock the value in your home without moving.
What is a lifetime mortgage?
The most common type of equity release plan is called a lifetime mortgage, which is available to homeowners who are aged 55 or over.
A lifetime mortgage is an interest only mortgage, no repayments are paid until you die or need to move into long-term care.
Equity release – what can it be used for?
- Retire early
- Pay off an existing mortgage
- Release cash for home improvements
- Helping your family financially
- Disposable income
- The ideal holiday
- Clear debts
- Mobility solution
Am I eligible for a lifetime mortgage?
Your eligibility will depend on the value of your home and your age.
Amber Mortgage Solutions specialise in equity release lifetime mortgages, with an expert local team based in Southend on Sea, Essex. We have been helping clients across Essex to find the best lifetime mortgage that suits their needs.
Call us on 01702 619 221 for more information.