Lifetime Mortgages are schemes that allow you to release capital that is locked up in your property. Formerly known as EQUITY RELEASE mortgages, they work by mortgaging a part of your property with no monthly interest payments or any repayment of capital whilst you are alive. So who says you can’t have your cake AND eat it? If you are retired, you have no doubt worked hard to own your house and now you can enjoy some of the value it has gained. |