Equity Release, often referred to as Later Life Borrowing or a Lifetime Mortgage, offers a way for older homeowners to access tax-free cash from their homes. With a Lifetime Mortgage, you retain full ownership of your home, so there’s no need to worry about giving up your property. Unlike other financial products, you don’t have to commit to monthly repayments. Instead, interest’s charged on the amount you borrow, with rates that usually stay fixed for life. If you decide not to make repayments during the loan period, the total borrowed plus interest is just settled at the end, often by selling the home.

You might be wondering if this is the best option or if there are better options and rates out there. It’s always a good idea to shop around for the best equity release rates to ensure you get the most out of your home’s value and we can certainly help on this front. Remember, having the flexibility to choose whether or not to make payments can be especially useful, providing peace of mind for homeowners looking to enjoy their retirement without financial worries. 

Of course we are experts in later life borrowing, especially when it comes to equity release. You will get full run down of all the pros and cons, ensuring you have a complete picture. We know everyone has different needs and we will break down how this will work for you and your family, so you can be confident that you are making the right choices for you and your family. 

At Integrity Mortgage Solutions we will always explore all the alternatives available to you prior to applying for equity release or a lifetime mortgages to ensure that you have all the information you need to make the right decision

Curious about the best equity release rates? We’ve got that covered too. We aim to give you the confidence and clarity needed to make the best decision for your loved ones. Have questions? Don’t hold back; we’re here to help.

Some equity release lenders now let clients pay the interest on their loan, keeping rates lower from the start. This “interest serviced” option means you pay interest regularly instead of letting it build up. You can stop paying the interest whenever you want, but the rate will then jump to where it would’ve been without the initial discount. Once you’ve stopped, you won’t get to go back to paying the interest, so it’s important to think carefully about leaving this plan

If you want to enjoy your later years with fewer financial strings attached, equity release might just be a suitable choice.

Do you already have a lifetime mortgage?

You may already have an equity release product that needs to be reviewed to ensure that you are still on a suitable plan and that you have the best possible interest rate for your circumstance, so if you’re interested to find out if your plan is still the right option get in touch with an adviser from Integrity Mortgage Solutions for a full assessment.

Talking to an Adviser

Our advisers are based in Leicester, but they are ready to help with any property matters across England. We offer straightforward advice and uphold integrity, helping you fully grasp the product and the impacts of borrowing in later years. We aim to maximise your retirement benefits while safeguarding your wealth, ensuring any financial steps are taken responsibly and sensibly.