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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.

Mortgage and Protection Advice Centre Ltd is an appointed representative of Hl Partnership Limited which is authorised and regulated by the Financial Conduct Authority.

 

Mortgage and Protection Advice Centre Ltd are registered in England and Wales with company number 13395365. Registered Office: 11 Sefton Avenue, Bognor Regis, England, PO21 3BP

 

There may be a fee for mortgage advice. The precise amount of the fee will depend upon your circumstances but will range from £495 payable at outset for mortgages to £950 payable on completion for Lifetime Mortgages, but this will be discussed and agreed with you at the earliest opportunity

 

The information contained in this website is subject to UK regulatory regime and is therefore intended for consumers in the UK

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