🏡 What Is a Lifetime Mortgage?

A Simple Guide for Homeowners Over 55

If you’re over 55 and a homeowner, you may have heard of lifetime mortgages—but what exactly are they, and how do they work?

At Keyholder Mortgages, we’re here to explain it clearly and simply, so you can decide if it’s right for you.

💬 What Is a Lifetime Mortgage?

A lifetime mortgage is a type of equity release. It lets you access some of the money tied up in your home without selling or moving.

• You borrow money against your home’s value

• The loan (plus interest) is repaid when you pass away or move into long-term care

• You still own your home

• No monthly repayments are required—unless you choose to make them
  

✔️ Key Benefits of a Lifetime Mortgage

✅ Tax-Free Cash

Release a lump sum or drawdown money as you need it—all tax-free.

✅ Stay in Your Home

You continue living in your home for life or until you move into permanent care.

✅ No Monthly Repayments Required

You don’t have to make any monthly payments—the interest simply rolls up over time.

✅ Flexible Options

Modern plans allow:

• Optional repayments

• Downsizing protection

• Inheritance protection (so you can still leave something behind)

✅ Boost Your Retirement

Use the funds for home improvements, helping family, or just enjoying life more in retirement.

⚠️ Things to Consider

• A lifetime mortgage reduces your estate’s value

• It may affect eligibility for means-tested benefits

• It’s a long-term commitment—professional advice is essential
  

🏠 Is It Right for You?

A lifetime mortgage isn’t for everyone—but for some, it’s a powerful tool to unlock financial freedom in later life.

At Keyholder Mortgages, we offer expert, friendly, and honest advice with no pressure and no jargon. If you’re curious, we’re here to talk it through with you.

📞 Ready to Explore Your Options?

Get in touch today for a free, no-obligation chat.

📱 Call us: 07867728632 📧 Email: lois@keyholdermortgages.co.uk 🌐 Visit: https://keyholdermortgages.co.uk