Later Life Lending

There are some considerations and questions to consider when looking at the possibility of Lending against your existing property or possibly purchasing property, with a loan that continues to run into retirement.

Here are some things to consider:

• Which type of later life mortgage is best for me?
• Do I need to change my will?
• Should I release equity in my home to purchase a second property?
• Do I want to help my children onto the property ladder?
• Will my children’s inheritance be affected?
• How will my benefits or pension be affected?
• How would getting a mortgage affect my retirement?
• In 10 years’ time will my current home still meet my needs?
• Do I have a lump sum or savings I can use to repay the capital on my mortgage?
• Could I support a repayment or interest only mortgage on existing or future income?
• What are the other options to consider?

For a discussion around the options and to begin gathering the information to help your informed decisions please contact of Later Life Lending Adviser.