All About Later Life Lending

01323 332932

Let’s Talk About Common Problems Faced By The Over 50's

  • Interest Only Mortgage - No repayment vehicle, existing lender requires repayment of loan
  • Relationship Breakups - buying out current partner
  • Relationship Breakups - funding new home
  • Insufficient Income - offered reduced amount
  • Short Mortgage Term - up to state retirement age only, monthly repayments unmanageable
  • Multiple Income Streams - lenders only taking pension income in to consideration
  • Purchase Property for Grand Children whilst at University - minimum income rules
  • Helping Family Get On The Property Ladder - complicated criteria
  • Home Improvement Funding - adaptations to help manage health issues
  • Lifestyle Funding - pension income insufficient to meet household expenditure

It's not all doom and gloom, there are solutions available

Specialist Knowledge in this complex area is vital. Getting it wrong could cost you or your future beneficiaries £000s

Below are just 8 of the options available to borrowers over 50 in the 'Later Life Mortgage' category. Sadly few people are made aware of all the solutions available.

Let us show you all the options, produce a solution, to maximise the wealth you have already built up in a property or properties you own or one(s) you wish to purchase to:- fund your lifestyle; help family; mitigate inheritance tax or even acquire the home you have always dreamed of living in.
Dont leave it to chance, explore your options and how each of the solutions could positively and or negatively impact your future. Things like: Income Tax; Inheritance Tax; Income Benefits
1

Retirement Interest Only

*No interest rollup
*Make monthly payments
*Potential of 40 year term
*Assessed on affordability

2

Life Time Mortgage

*Repayment Basis
*Make Monthly Repayments
*Potential of 40 year term
*Multiply income sources considered
3

Equity Release Interest Roll-up

*age 55+
*no monthly payments
*lump sum & or regular withdrawals
4

Equity Release Interest Payment

*Age 55+
*Monthly payment required
5

Second Home

*Home by the Sea
*Bolt hole in Town
*Country cottage
6

Buy To Let

*Grand kids off to Uni (buy a home for them to use)
*Supplement Income
7

Holiday Let's

*Use it yourself & let out when not needed.
*Pic a popular spot and supplement income
8

Bridging Finance

*Sale taking too long? Danger of loosing ideal property?
*Found ideal property but needs a total refurb...

Ready To discuss Your Options?

Request a Callback

Get in touch today for a free initial, no-obligation consultation. Together we can review your plans and all the options available to you.