Lifetime (Roll-Up) Mortgages

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Lifetime (Roll-Up) Mortgages

A lifetime mortgage is a form of equity release where a loan is secured against your property to provide you with a tax free cash lump sum or a regular income to spend as you wish, with no monthly repayments to meet.

Interest is added to the lifetime mortgage loan throughout your lifetime, accruing at a fixed or variable rate. The loan plus interest is eventually paid back when the home is sold, usually when you move into long term care, or when you and your partner die. You can typically release between 20-56% of the value of your home with a lifetime mortgage, depending on your age. The minimum age is 55.

Advantages of a lifetime mortgage

Disadvantages of a lifetime mortgage

Lifetime mortgages have become a highly popular form of equity release over the past few years, prompting many providers to offer a variation of a lifetime mortgage called a drawdown plan which allows you to release equity as and when you need it, rather than taking a lump sum or regular income.

About James Blair

I have been an Independent Financial Adviser since 1987 and I am a FCA qualified Equity Release and Long Term Care adviser. I provide Independent Equity Release Advice and cover the whole of the market.

I work to your priorities. Call me on 01923 254760 if you would like discuss your Equity Release situation.

You can choose either a telephone or in-person meeting, which-ever is convenient for you.

There is no charge or obligation for this meeting.

This review will be at my expense.

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I am writing to tell you that we are extremely happy with the way in which you have arranged an Equity Release for my mother-in-law. I would imagine that this can be a process fraught with anxiety for older people but in this instance there was no such trauma.

This is entirely due to your gentle and reassuring manner, your patience in answering our many questions and the clarity with which you presented the information we needed. The Equity Release is now complete and we are very happy and relaxed knowing that she can spend the rest of her life in her home. Thank you again.

David S. - Rickmansworth, Herts.

I found the service and advise you gave me a great help. You explained the different options and procedure clearly and kept me informed of all transactions as they happened. I thought your fees were very reasonable and fair. I would be more than happy to recommend your services. P.S The wine was lovely, thank you very much.

Julia G - Oxford

James explained the details clearly and James was readily available to answer any questions. I am happy with the plan James recommended for me

Gillian S - Slough

James made everything clear to understand and was very friendly. James did everything he said he would do.

Ron T - Essex