Applying for a mortgage can be nerve-wracking. Consulting a professional will help you choose the best possible option for your needs and budget.
At Mortgage & Lifetime Solutions, we understand the importance of meticulous planning and research when buying a home. Our team of trusted advisors for lifetime mortgages in Croydon provide useful and unbiased advice based on your long-term goals.
Equity Release and Lifetime Mortgage
We are experts in lifetime mortgages, a type of equity release available to homeowners aged 55 or over. It offers a great way to gain financial freedom and security during your retirement years. Through an equity release, equity held in your property is converted into a tax-free cash sum you can spend any way you want. In this scenario, you are permitted to settle your mortgage and interest when your property is sold or after the deed-holder moves into long-term care or passes away.
Our team also specialises in drawdown life mortgages which operates like a standard lifetime mortgage but with more flexibility. Drawdowns allow you to withdraw money anytime you need, instead of acquiring a single lump sum. You also have the option to receive regular payments if it’s more suitable to your needs.