We often find that our retired clients are cash poor and asset rich, with the main asset being the family home. The phrase “Bank of Mum and Dad” now almost forms part of the financial world dictionary and a Lifetime Mortgage can be a way to access it.
Clients can find that sometimes they are unable to perhaps take that extra holiday, unable to help their children get on the property ladder or maybe feel forced to move home because of personal circumstances such as divorce or they have an interest only mortgage that they have to repay.
With the advent of more extensive Lifetime Mortgage options we are often able to find solutions for such needs and even more we have not thought of! You may be surprised at the choices available as a result of major innovation within this arena in recent years.
As independent consultants we have access to a comprehensive range of lenders and maybe one of them will suit your needs and if not be assured we will always be frank with you.
The media are regularly promoting this type of mortgage but based on our company ethos of personal tailored planning we feel that meeting clients face to face is a much better approach than the media style of impersonal introduction. That is of course only an opinion but if you agree and would like to find out more about the Lifetime Mortgage options then please contact us for further information.