No Repayment, Lifetime Mortgages Designed For People Over 60

No monthly repayments

Interest rates from 2.5% APR

Keep 100% home ownership

Ring-fence inheritance 

No negative equity guarantee

Clear Information

You are provided with all of the information you need to make an informed decision

Clear Information

FCA Authorised

Lifetime Mortgages and the advice given is authorised and regulated by the FCA

FCA Authorised

No Obligation

Receive tailored recommendations without having to proceed

No Obligation

No pressure, no obligation

We understand that anything to do with your home is a big decision which is why we take the time to design a Lifetime Mortgage around your unique requirements. 

We answer all of your questions, compare different lenders and provide you with free quotes so that you have all of the information you need to make your choice, if and when you are ready.

Record low interest rates from 2.5% APR

With the BoE base rate now lower than it has ever been, Lifetime Mortgages are seeing rates starting from just 2.5% APR fixed for life. Many customers find that a Lifetime Mortgage rate is better than their current mortgage rate. There has arguably never been a better time to explore a Lifetime Mortgage.

This is not 'Home Reversion Equity Release'

Lifetime Mortgages can sometimes be confused with 'Home Reversion Equity Release' because both products are designed for people over 60.

A Lifetime Mortgage is very different to 'Home Reversion Equity Release'.

'Home Reversion Equity Release' involves a homeowner selling their property, often below market value but may be able to remain in the property. 

'Home Reversion Equity Release' is not great and is typically only used in very specific circumstances. 

Lifetime Mortgages are very different and ensure that the Homeowner keeps 100% ownership of the property.

We can provide you with free information guides and quotes as well as answer all of your questions so that you can fully understand the difference between the two and feel completely comfortable for making any decisions about Lifetime Mortgages.

Similar to a normal mortgage

Lifetime Mortgages are very similar to all of the other mortgages you have had over the years. They are secured against your home, you maintain ownership, you can still move house, you can still make changes to your home and you can still ring-fence equity for your loved ones to benefit from.

However, Lifetime Mortgages give you added benefits because of your age. No monthly repayments, tax free income boost and the flexibility to take money out as and when you need it.

Free To Move Home & Sell

With Lifetime Mortgages, you keep 100% ownership of your home. If you want to move to a different home, you can do that and just move your Lifetime Mortgage onto the new property. 

If you want to sell your home, you can do that too. You would simply pay off your Lifetime Mortgage and interest balance and the remainder of the value of your home is yours, just like you would do with a typical mortgage.

Continue to benefit from house price rises

With Lifetime Mortgages, you keep 100% ownership of the property. This means that you benefit from 100% of any house price rises. 

According to The Land Registry data, since January 2000, house prices have gone up by 198% and since 2010, house prices have gone up by 42%.

If the value of your property grows then so will the equity remaining in your home. 

Since 

Ring fence Inheritance Capital

We all want to leave something behind for our loved ones. 

With a Lifetime Mortgage, you can specify how much of the property you would like to leave behind for your loved ones when you die or move into long term care.

Lifetime mortgages allow you to live the rest of your life without making monthly repayments and you could still leave equity in your home for your loved ones to inherit. The best of both worlds.

Tax free money as and when you need it.

Unlike a typical mortgage, when you are approved for a Lifetime Mortgage, you do not have to take out all of the money at once. 

You have a drawdown facility that allows you to take tax free cash as an when you need it and you are only charged interest on the money that is taken out. 

For example, if you are approved for £100,000 and only wish to take out £20,000 now then you would only pay interest on the £20,000, not the remaining £80,000 that you have in reserve.

Get quotes

We provide you with free, no obligation quotes tailored specifically to you

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YOU SHOULD THINK CAREFULLY BEFORE SECURING A LOAN AGAINST YOUR HOME. 

THIS IS A LIFETIME MORTGAGE. TO UNDERSTAND THE FEATURES AND RISKS, ASK FOR A PERSONALISED ILLUSTRATION.

REPRESENTATIVE EXAMPLE:  If you borrow £42,205.00 over 15 years at a lifetime fixed rate 3.58% per month your representative APR is 3.5%. The total amount payable after 15 years would be £67.995. You have the ability to make the payments but this calculation assumes you make some payments towards any interest rolling up.  

We help people to compare lifetime Mortgages and to provide them with free, no obligation quotes as well as answering all questions to ensure that it is the right option for our customers.

United House, North Road, London, N79DP

info@lifetime-mortgages.uk

About Us

This website is owned and operated by Ramsey Lomax LTD, United House, North Road, London, N7 9DP.

FEES: Ramsey Lomax will not charge you for using this website or for using our liftetime mortgage search enquiry form. When you make an enquiry on this website, we will introduce you to an FCA authorised lifetime mortgage expert who will complete your  search. Ramsey Lomax may receive a  fee for this introduction. That fee may be paid to us in a number of ways. Either a one off introduction fee or a lifetime mortgage completion fee, that is to say, if you take out an equity release product through an expert that we have introduced you to, they may pay us a fee. The expert(s) that we introduce you to, may charge a fee, to you, the client. It is important that you discuss any fee(s) with the experts. More information about and the brokers we work with can be found here. 

RAMSEY LOMAX IS A CREDIT BROKER, NOT A LENDER. Ramsey Lomax & The FCA: We are directly authorised by the Financial Conduct Authority. Our licence number is 704282. 

THE ICO: Ramsey Lomax & The ICO: We are authorised and regulated by the Information Commissioners Office (ICO). The ICO ensures that companies adhere to data protection legislation such as GDPR. We take your data protection and privacy very seriously. All of your information is held securely and confidentially. You can read more about this in our privacy policy section. 

No Repayment, Lifetime Mortgages Designed For People Over 65

Designed for the over 60s

It can be hard to get a mortgage or loan in later life. You want to access the money in your home but don't want to sell up. This is what Lifetime Mortgages are designed to do. 

Flexible Repayment Options

Repayments are designed around you. You could repay nothing, the mortgage is settled when you die or go into long term care, or repay monthly or lump sums as you go. It's completely up to you.

Credit rating is not important

With Lifetime Mortgages, your credit rating and income are not as relevant as a typical mortgage. If you have a bad credit rating or a low income you will still be eligible for a Lifetime Mortgage.

Keep 100% ownership

Unlike 'Home Reversion Equity Release' with a Lifetime Mortgage you keep 100% ownership of your property, still live there and you do not have to make any monthly repayments if you wish.

Tailored to you

Your entire Lifetime Mortgage is designed around what you need. You can tailor it to your preferences your plans for retirement your hopes for your family now and in the future and much much more.  

Transparent & regulated

Every detail of a Lifetime Mortgage is explained in full before any decisions are made. They are an FCA regulated product affording a homeowner protection and peace of mind. 

What is a Lifetime Mortgage?

According to Nationwide, house prices have tripled from £66,000 in 1998 to £216,000 in 2018 leaving many seniors with significant value in their homes but the only way to access it is to sell up. A Lifetime Mortgage fixes this problem.

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Get all of your questions answered and the info you need to make your decision

Get Your Information Guide

What are people using Lifetime Mortgages for?

In 2019 alone, over 45,000 people took out a Lifetime Mortgage.  A Homeowner can take a Lifetime Mortgage for almost any reason but these are some of the most popular ones:

Repay Existing MortgageHome & Garden ImprovementsGift To Friends or FamilyDebt consolidationSpecial Event & TravelIncome Boost For RetirementFind Out If You Qualify

LifetimeMortgageExperts

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FCA Authorised

We are authorised and regulated by the Financial Conduct Authority (FCA). Lifetime Mortgages are an FCA authorised mortgage product.

FCA Authorised

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Tax free money when it's needed

YOU SHOULD THINK CAREFULLY BEFORE SECURING A LOAN AGAINST YOUR HOME. 

THIS IS A LIFETIME MORTGAGE. TO UNDERSTAND THE FEATURES AND RISKS, ASK FOR A PERSONALISED ILLUSTRATION.

REPRESENTATIVE EXAMPLE:  If you borrow £42,205.00 over 15 years at a lifetime fixed rate 3.58% per month your representative APR is 3.5%. The total amount payable after 15 years would be £67.995. You have the ability to make the payments but this calculation assumes you make some payments towards any interest rolling up.