How a lifetime mortgage works
During a conversation with a mortgage advisor at his local building society, Gareth was referred to us. He called and spoke to Richard, one of our expert advisors.
After carefully reviewing all of his options, Gareth decided that a lifetime mortgage was the best equity release plan for his situation.
A lifetime mortgage allowed him to release a cash lump sum, without having to make monthly repayments and keeping 100% ownership of his home. The mortgage and accrued interest will be paid back when the home is sold.
Unlike other providers, there were no advice fees to pay and no hidden fees with us. The advice we gave was unbiased, since our advisors do not work to sales targets, or receive bonuses or commissions.
Releasing the equity in his home changed Gareth’s life
Gareth used the money secured through equity release to:
- Pay off his mortgage
- Make some improvements to his home
- Start a new catering business
“Richard gave me the confidence to go ahead. I knew that my home would be safe for myself and my children. Straight away I paid off my mortgage, but there was extra money left over which I decided to take. That was handy because I did need some work doing on the house.”
Why Gareth recommends us
Gareth's life has been transformed. His home is secure, and his business took off. He doesn’t need to worry about the mortgage, and he has finished the work on his house. His new business means he also has more time to spend with his teenage sons.