Equity release and lifetime mortgages

There are many types of lifetime mortgages available on the market. These are generally referred to as Equity Release schemes. They are aimed at older retired homeowners who are "asset rich" but "cash poor," where there is a need to provide additional income or a capital sum. There are two main types of schemes:-

  1. Home Reversion schemes
  2. Lifetime Mortgages

Each is different and each suitable for different situations but generally aimed at where there is a need to provide additional income or release capital for older clients who are "asset rich" but "cash poor".

These pages aim to provide a background to the types of scheme and the relevant issues. A range of guides can also be downloaded below. Professional and independent advice on both lifetime mortgages and home reversion schemes is essential and it is advisable to ensure that immediate family members are involved in the process from an early stage.

Personal Investment Partnership is authorized by the FSA to provide advice on, and arrange, both types of schemes from the whole of the market place, as well as recommend a suitable solicitor to complete the related legal work in respect of your property.

Advice on both Lifetime Mortgages and Home Reversion Schemes are regulated by the Financial Services Authority (FSA).

If you have any questions about either Lifetime Mortgages or Home Reversion, or are considering entering into such a scheme, please feel free to contact me for a no obligation discussion or complete the Enquiry form.

To understand the features and risks of an Equity release scheme please ask for a personalised illustration

There may be a fee for mortgage advice. The precise amount will depend upon your circumstances but as a guide a typical fee for Mortgage advice is 1,450