Lifetime Mortgage Equity Release with HFMC Wealth
What is an Equity Release Lifetime Mortgage?
A lifetime mortgage is a type of mortgage that allows you to release the equity in your home without having to sell it. The loan is secured against your property and is repaid when the property is sold after you pass away or move into long-term care.
You can choose to receive the funds as a lump sum or as regular payments to supplement your income during retirement. The amount you can borrow will depend on the value of your home and your age.
Why Choose an Equity Release Lifetime Mortgage?
An equity release lifetime mortgage can give you the financial freedom to enjoy your retirement without worrying about money. It’s an option to consider if you have a lot of equity tied up in your home and want to unlock some of its value either to support your own lifestyle, or perhaps to help your family.
With a lifetime mortgage, you can continue living in your home and retain ownership while benefiting from the extra income or funds. It’s an attractive option for those who want to avoid the hassle and expense of moving to a smaller property and downsizing, or who wish to accelerate succession planning for family, but who don’t have liquid assets available to gift.
How to Secure an Equity Release Lifetime Mortgage
Securing a lifetime mortgage requires careful consideration and specialist advice. Our experienced advisers at HFMC Wealth can help you navigate the options and find the perfect solution for your retirement goals.
We’ll work with you to create a detailed financial plan that outlines the potential risks, costs, and benefits of the equity release option. We’ll explore alternative options such as downsizing or other forms of financing before settling on a lifetime mortgage.