Lump sum lifetime mortgages are a popular type of equity release plan. They are available to homeowners over the age of 55 and allow you to borrow a percentage of the value of your home.
Lump sum lifetime mortgages, as the name suggests, provide your money as a single, one-off amount and so this equity release plan could be ideal is you need to pay for large expenses such as home improvements, repay debts or help children financially.
How much money you can borrow with a lump sum lifetime mortgage depends upon three things. They are the age of the youngest homeowner, the value of your property and where you live.
Why not use our quick calculator to get an idea of how much you could borrow with a lump sum lifetime mortgage?
Now that you have an idea of how much you can borrow with this equity release plan, why not compare the latest, lump sum lifetime mortgage deals that are available from all the lenders?
At Equity Release Supermarket, we advise on lump sum equity release plans that are available from every lender in the market and you can be confident that our financial advice is both independent and impartial as we are not tied to any lender.
If you’re ready to, why not call us today and talk through your plans with your local, Equity Release Supermarket adviser?
These are lump sum lifetime mortgage schemes. To understand their features, benefits and risks, please contact Equity Release Supermarket for a no obligation, personalised, key facts illustration. All quotes can be tailored to your own circumstances and you are under no obligation to proceed.