
Step 1 – Do you qualify
You and your partner must be aged 55 or more. Your property must be worth at least £70,000 and you must be able to clear any outstanding mortgage or loan secured on the property from the funds you release. We can confirm whether you qualify by booking an appointment
Step 2 – Is a Lifetime Mortgage the right option for you
Contact Mortgage and Protection Advice Centre on 01243 265413 or 07590 691 119 or email mattryder@mapacentre.co.uk for specialist advice. We will tell you more about Lifetime Mortgages and if it is suitable for your circumstances. We can also provide you with a free, no-obligation quotation, researching the market to find the plan that best suits your requirements - only then can you make an informed decision on whether Lifetime Mortgage is the right option for you. We always recommend that you discuss your plans with your family.
Step 3 – Complete application forms and paperwork
If you choose to proceed, we will complete your application forms for your chosen plan and a suitably qualified valuer is instructed by the plan provider to ascertain the value of your property and ensure it meets their criteria. An offer is made, and your solicitors are instructed to start work.
Step 4 – Receive your funds
Approx' between 8 to 12 weeks after applying, you will receive your funds from your solicitor.
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This is a Lifetime Mortgage. These are only applicable to those 55 and over, and it could affect eligibility to state means-tested benefits and the inheritance you may leave. To understand the features and risks, ask for a personalised illustration.