A lifetime mortgage is a loan secured against your home, typically available to homeowners aged 55 and over. You retain ownership of your home while accessing a tax-free cash lump sum. The loan plus interest is repaid when you move into long-term care or pass away. It's an increasingly popular way for retirees to supplement their income or fund home improvements without monthly repayments.
Lifetime mortgages provide a flexible way to access property wealth in later life while staying in your home.
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