For one reason or another, a lot of people wind up a bit short on cash later in life. But whether it’s due to medical expenses, business setbacks or another reason, the good news is that as long as they have sufficient equity in their home they do not necessarily need to forego those things they have waited a lifetime to enjoy. At Mortgage & Lifetime Solutions we help people obtain Later Life Mortgages in Crystal Palace so that their golden years can be everything they hoped for.
But just what is a Later Life Mortgage and how does one go about obtaining one? That’s what we’re here to discuss.
Different Types of Later Life Mortgages in Crystal Palace
Later Life Mortgages are often confused for home equity loans, and there are certainly some similarities between the two. There are, however, some distinct differences including the fact that to obtain a Later Life Mortgage you must be between 55 and 94 and be able to prove some type of pension or income.
