Lifetime mortgages are currently the fastest growing sector in financial services.
This very specialist area of advice is available to homeowners aged 55 and over. The FCA now regulates all Lifetime Mortgages and the advice relating to these. We have an expert Lifetime Mortgage adviser who we can refer to who can help you with fully regulated, bespoke advice.
Typical reasons why people consider using a Lifetime Mortgage include:
You do not need to prove your income in order to qualify for these mortgages. Your age and your home (or new home) are what the lenders consider when determining what you may borrow. Please contact us for a chat if you would like more information. This service is provided for free by Protea Financial Services, but the adviser this is referred to may charge a fee which would be confirmed to you in writing prior to any application being submitted. Equity release may involve a lifetime mortgage or a home reversion plan. To understand the features and risks, ask for a personalised illustration.
Equity release may impact the size of your estate and it could affect your entitlement to current and future means-tested benefits.