Lifetime Mortgages & Equity Release Mortgages

By: Moneypoint Finance  23/02/2009
Keywords: financial services, loans, Property Mortgages

 If you are considering retiring, but your pension income will not be sufficient to maintain your current standard of living then a lifetime mortgage may be the perfect solution for you.  You can release the equity tied up in your property to provide either lump sum and/or regular payments to make you retirement much more comfortable.

There are many other good reasons to consider a lifetime mortgage as you can use your equity to cover a shortfall on an endowment policy, pay for a round the world trip, pay off all your debts, improve your home, buy a new car or provide a regular income to boost your pension income.

Nearly all lenders offer a lifetime mortgage that requires no monthly repaymetns, instead to paymetns are 'rolled up' and paid back after your house is sold when you pass away or move into long term care.

Keywords: equity release mortgage, financial services, loans, property finance, Property Mortgages

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