Not that long ago, if you were approaching retirement age and had not repaid your mortgage, your only option was to sell and downsize.
Enter: Home Reversion Schemes and Equity Release mortgages. Loved and loathed, perhaps in equal measure, they were tools of Satan to some and s
aviours to others. Perhaps rightly, their relative merits and true costs were both praised and vilified.
Things move quickly in the world of financial services and there are now many options within the Later Life lending toolshed, including options that allow for conversion of a traditional style mortgage to, as extreme as, interest roll up in the future.
We can guide you through the retirement mortgage maze, if you ned to raise funds after retirement or are worried about how you might remain in your home beyond retirement and the maturity of a mortgage.